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Income And Corporation Taxes Act 1970

Volume 975: debated on Monday 3 December 1979

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asked the Chancellor of the Exchequer what action he proposes to take to stop the loophole in section 478 of the Income and Corporation Taxes Act 1970 arising as a result of the recent decision of the House of Lords in the Vestey case.

I shall let the right hon. Member have a reply as soon as possible.