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Capital Transfer Tax

Volume 889: debated on Tuesday 25 March 1975

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asked the Minister of Agriculture, Fisheries and Food (1) if he will set up a working party to study and report on the effect of capital transfer tax on farm sizes and agricultural production(2) if he will take steps to monitor the effects of capital transfer tax on the continued provision of agricultural and estate cottages and on any consequent alteration in the demand for council housing in rural areas:(3) if he will institute discussions with a view to introducing new proposals to assist tenant farmers with loans to purchase holdings released on to the market as a result of the operation of the capital transfer tax.

The legislation on capital transfer tax has only very recently been enacted. The Government will be keeping the effects of the tax under review.