§ 37. Mr. John TownendTo ask the Chancellor of the Exchequer if he will estimate the cost to the Exchequer if inheritance tax liabilities in respect of shares in closely held unquoted trading companies were rolled over until the shares were realised for cash or the company was converted into a public company.
§ Mr. LilleyI would refer my hon. Friend to the reply I gave to my hon. Friend the Member for Mid-Kent (Mr. Rowe) on 15 January 1990,Official Report, column 96.