§ Mr. SteenTo ask the Chancellor of the Exchequer if he will abolish capital gains tax roll-over relief on the sale proceeds of green-field development land. [68799]
§ Dawn PrimaroloCapital gains roll-over relief is available when the proceeds from the disposal of assets used only for the purpose of a trade are invested in new assets which, on acquisition, are taken into use, and used only, for the purposes of a trade. There are no plans to change that.