§ Ms HarmanTo ask the Chancellor of the Exchequer if he will estimate the yield to the Exchequer for 1993–94 if section 62(1) of the Taxation of Chargeable Gains Act 1992 did not apply to assets which qualified either for business property relief within section 104 of the Inheritance Tax Act 1984 or for agricultural property relief within section 116 of the Inheritance Tax Act 1984 at the time of the person's death.
§ Mr. DorrellAssuming that the normal business reliefs against capital gains tax such as holdover relief and retirement relief would be made available on death, the estimated yield from introducing a capital gains charge on death in respect of assets which qualify for business property or agricultural property relief under the inheritance tax provisions in 1993–94 is negligible.