§ Dr. TongeTo ask the Chancellor of the Exchequer if he will review the capital gains tax payable when companies formed by residents of blocks of flats extend the leases of those residents who are the shareholders of the company. [99216]
§ Dawn PrimaroloInland Revenue Extra Statutory Concession D39 allows relief from capital gains tax in this sort of situation. Inland Revenue Tax Bulletin 41, published in June this year, provides details.