§ Mr. RedmondTo ask the Chancellor of the Exchequer if he will make it his policy to abolish the exempt ion from 79W capital gains tax on a person who owns a house with one acre and part of that acre is sold for building land, and replace it with a tax to be levied on the gain resulting from planning permission being obtained; and if he will make a statement.
§ Mr. Norman LamontI have noted the hon. Member's suggestion but cannot, of course, anticipate the Budget judgment.