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Capital Transfer Tax

Volume 983: debated on Thursday 24 April 1980

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3.

asked the Chancellor of the Exchequer if he has examined the feasibility of a capital transfer tax levy on recipients rather than on donors.

This is one of the possibilities we have considered and, of course, a Green Paper was published in 1972 which examined in some detail the possibility of a switch from a donor to a donee basis. In 1972 there was little enthusiasm for the change and, judging from the representations received over the past year, this is still the case today.