HC Deb 20 January 2003 vol 398 c53W
Matthew Taylor

To ask the Chancellor of the Exchequer if he will estimate the cost of the exemption from capital gains tax of gains arising on the disposal of the only or main residence as stated in table 7 of the November 2002 "Tax Ready Reckoner and Tax Reliefs" if gains could be rolled over onto the purchase of another residential property; and if he will make a statement. [91744]

Dawn Primarolo

Reliable estimates of the cost of abolishing the exemption of gains arising on the disposal of the only or main residence, and instead allowing gains to be rolled over onto the purchase of another residential property, are available only at disproportionate cost.