asked the Chancellor of the Exchequer what consideration he has given to a proposal that farmers who sell their farms to local authorities, for the purposes of their being let as smallholdings to young farmers entering the industry, should be partially or wholly exempted from capital gains tax on such land; and if he will make a statement.

This suggestion had not come to my attention, but I do not think it right that capital gains made in the way described should have a special exemption.