§ Mr. Barry FieldTo ask the Chancellor of the Exchequer how he plans that the abolition of the restrictions in respect of capital gains tax reinvestment relief announced in the Budget be made to apply only to disposals on or after Budget day.
§ Sir George YoungRelaxation of the restrictions will affect only the activities of qualifying companies, and not individual investors in those companies. These changes take effect from 29 November. Full details of the proposals will be contained in the Finance bill, which is due to be published early in January.