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35 Capital Gains (Assets Held On 31St March 1982)

Volume 130: debated on Monday 21 March 1988

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Question put,

That provision may be made as to the taxation of capital gains and losses on the disposal of assets acquired on or before 31st March 1982, and as to related matters.—[Mr. Lawson.]

The House divided: Ayes 358, Noes 191.

Division No. 222]

[11.06 pm

AYES

Adley, RobertBruce, Ian (Dorset South)
Aitken, JonathanBruce, Malcolm (Gordon)
Alexander, RichardBuchanan-Smith, Rt Hon Alick
Alison, Rt Hon MichaelBuck, Sir Antony
Allason, RupertBudgen, Nicholas
Alton, DavidBurns, Simon
Amess, DavidBurt, Alistair
Amos, AlanButcher, John
Arbuthnot, JamesButler, Chris
Arnold, Jacques (Gravesham)Butterfill, John
Arnold, Tom (Hazel Grove)Campbell, Menzies (Fife NE)
Ashby, DavidCarlile, Alex (Mont'g)
Ashdown, PaddyCarlisle, John, (Luton N)
Aspinwall, JackCarlisle, Kenneth (Lincoln)
Atkins, RobertCarrington, Matthew
Baker, Rt Hon K. (Mole Valley)Carttiss, Michael
Baker, Nicholas (Dorset N)Cash, William
Baldry, TonyChannon, Rt Hon Paul
Banks, Robert (Harrogate)Chapman, Sydney
Batiste, SpencerChope, Christopher
Beaumont-Dark, AnthonyChurchill, Mr
Beggs, RoyClark, Hon Alan (Plym'th S'n)
Beith, A. J.Clark, Dr Michael (Rochford)
Bellingham, HenryClark, Sir W. (Croydon S)
Bendall, VivianClarke, Rt Hon K. (Rushcliffe)
Bennett, Nicholas (Pembroke)Colvin, Michael
Benyon, W.Conway, Derek
Bevan, David GilroyCoombs, Anthony (Wyre F'rest)
Biffen, Rt Hon JohnCoombs, Simon (Swindon)
Biggs-Davison, Sir JohnCope, John
Blackburn, Dr John G.Cormack, Patrick
Blaker, Rt Hon Sir PeterCran, James
Bonsor, Sir NicholasCritchley, Julian
Boscawen, Hon RobertCurrie, Mrs Edwina
Bottomley, PeterDavies, Q. (Stamf'd & Spald'g)
Bottomley, Mrs VirginiaDavis, David (Boothferry)
Bowden, A (Brighton K'pto'n)Day, Stephen
Bowden, Gerald (Dulwich)Devlin, Tim
Bowis, JohnDickens, Geoffrey
Boyson, Rt Hon Dr Sir RhodesDorrell, Stephen
Brandon-Bravo, MartinDouglas-Hamilton, Lord James
Brazier, JulianDover, Den
Bright, GrahamDunn, Bob
Brittan, Rt Hon LeonDurant, Tony
Brooke, Rt Hon PeterEggar, Tim
Brown, Michael (Brigg & Cl't's)Emery, Sir Peter
Browne, John (Winchester)Evans, David (Welwyn Hatf'd)

Evennett, DavidJones, Gwilym (Cardiff N)
Fairbairn, NicholasJones, Robert B (Herts W)
Fallon, MichaelJopling, Rt Hon Michael
Farr, Sir JohnKellett-Bowman, Dame Elaine
Favell, TonyKennedy, Charles
Fearn, RonaldKilfedder, James
Fenner, Dame PeggyKing, Roger (B'ham N'thfield)
Field, Barry (Isle of Wight)Kirkhope, Timothy
Fookes, Miss JanetKirkwood, Archy
Forman, NigelKnapman, Roger
Forsyth, Michael (Stirling)Knight, Greg (Derby North)
Forsythe, Clifford (Antrim S)Knight, Dame Jill (Edgbaston)
Forth, EricKnowles, Michael
Fowler, Rt Hon NormanKnox, David
Franks, CecilLamont, Rt Hon Norman
Freeman, RogerLang, Ian
French, DouglasLatham, Michael
Fry, PeterLawrence, Ivan
Gale, RogerLawson, Rt Hon Nigel
Gardiner, GeorgeLee, John (Pendle)
Garel-Jones, TristanLeigh, Edward (Gainsbor'gh)
Gill, ChristopherLester, Jim (Broxtowe)
Gilmour, Rt Hon Sir IanLightbown, David
Glyn, Dr AlanLilley, Peter
Goodhart, Sir PhilipLivsey, Richard
Goodlad, AlastairLloyd, Sir Ian (Havant)
Goodson-Wickes, Dr CharlesLord, Michael
Gorman, Mrs TeresaLuce, Rt Hon Richard
Gorst, JohnLyell, Sir Nicholas
Gow, IanMcCrindle, Robert
Gower, Sir RaymondMacfarlane, Sir Neil
Grant, Sir Anthony (CambsSW)MacGregor, Rt Hon John
Greenway, Harry (Ealing N)MacKay, Andrew (E Berkshire)
Greenway, John (Ryedale)Maclean, David
Gregory, ConalMcLoughlin, Patrick
Griffiths, Sir Eldon (Bury St E')McNair-Wilson, M. (Newbury)
Griffiths, Peter (Portsmouth N)McNair-Wilson, P. (New Forest)
Grist, IanMadel, David
Ground, PatrickMaginnis, Ken
Grylls, MichaelMajor, Rt Hon John
Hamilton, Hon Archie (Epsom)Malins, Humfrey
Hamilton, Neil (Tatton)Mans, Keith
Hampson, Dr KeithMaples, John
Hanley, JeremyMarland, Paul
Hannam, JohnMarshall, John (Hendon S)
Hargreaves, A. (B'ham H'll Gr')Marshall, Michael (Arundel)
Hargreaves, Ken (Hyndburn)Martin, David (Portsmouth S)
Harris, DavidMates, Michael
Hawkins, ChristopherMaude, Hon Francis
Hayes, JerryMaxwell-Hyslop, Robin
Hayhoe, Rt Hon Sir BarneyMayhew, Rt Hon Sir Patrick
Hayward, RobertMellor, David
Heath, Rt Hon EdwardMeyer, Sir Anthony
Heathcoat-Amory, DavidMichie, Mrs Ray (Arg'l & Bute)
Heddle, JohnMiller, Hal
Heseltine, Rt Hon MichaelMills, Iain
Hicks, Mrs Maureen (Wolv' NE)Miscampbell, Norman
Higgins, Rt Hon Terence L.Mitchell, Andrew (Gedling)
Hind, KennethMitchell, David (Hants NW)
Hogg, Hon Douglas (Gr'th'm)Moate, Roger
Holt, RichardMolyneaux, Rt Hon James
Hordern, Sir PeterMonro, Sir Hector
Howard, MichaelMontgomery, Sir Fergus
Howarth, Alan (Strat'd-on-A)Moore, Rt Hon John
Howarth, G. (Cannock & B'wd)Morris, M (N'hampton S)
Howell, Ralph (North Norfolk)Morrison, Hon Sir Charles
Howells, GeraintMoss, Malcolm
Hughes, Robert G. (Harrow W)Moynihan, Hon Colin
Hughes, Simon (Southwark)Neale, Gerrard
Hunt, David (Wirral W)Needham, Richard
Hunt, John (Ravensbourne)Nelson, Anthony
Hunter, AndrewNeubert, Michael
Hurd, Rt Hon DouglasNewton, Rt Hon Tony
Irvine, MichaelNicholson, David (Taunton)
Irving, CharlesNicholson, Emma (Devon West)
Jack, MichaelOnslow, Rt Hon Cranley
Jackson, RobertOppenheim, Phillip
Janman, TimPage, Richard
Jessel, TobyPaice, James
Johnson Smith, Sir GeoffreyParkinson, Rt Hon Cecil

Patnick, IrvineStern, Michael
Patten, John (Oxford W)Stevens, Lewis
Pattie, Rt Hon Sir GeoffreyStewart, Allan (Eastwood)
Pawsey, JamesStewart, Andy (Sherwood)
Peacock, Mrs ElizabethStewart, Ian (Hertfordshire N)
Porter, Barry (Wirral S)Stokes, John
Porter, David (Waveney)Stradling Thomas, Sir John
Portillo, MichaelSumberg, David
Powell, William (Corby)Tapsell, Sir Peter
Price, Sir DavidTaylor, Ian (Esher)
Raffan, KeithTaylor, John M (Solihull)
Raison, Rt Hon TimothyTaylor, Matthew (Truro)
Rathbone, TimTebbit, Rt Hon Norman
Redwood, JohnTemple-Morris, Peter
Renton, TimThatcher, Rt Hon Margaret
Rhodes James, RobertThompson, D. (Calder Valley)
Rhys Williams, Sir BrandonThompson, Patrick (Norwich N)
Riddick, GrahamThorne, Neil
Ridley, Rt Hon NicholasThornton, Malcolm
Ridsdale, Sir JulianThurnham, Peter
Roberts, Wyn (Conwy)Townend, John (Bridlington)
Roe, Mrs MarionTownsend, Cyril D. (B'heath)
Ross, William (Londonderry E)Tracey, Richard
Rossi, Sir HughTredinnick, David
Rost, PeterTrippier, David
Rowe, AndrewTrotter, Neville
Rumbold, Mrs AngelaTwinn, Dr Ian
Ryder, RichardVaughan, Sir Gerard
Sackville, Hon TomWaddington, Rt Hon David
Sainsbury, Hon TimWakeham, Rt Hon John
Sayeed, JonathanWaldegrave, Hon William
Scott, NicholasWalden, George
Shaw, David (Dover)Walker, A. Cecil (Belfast N)
Shaw, Sir Giles (Pudsey)Walker, Bill (T'side North)
Shaw, Sir Michael (Scarb')Waller, Gary
Shelton, William (Streatham)Walters, Dennis
Shephard, Mrs G. (Norfolk SW)Ward, John
Shepherd, Colin (Hereford)Wardle, Charles (Bexhill)
Shepherd, Richard (Aldridge)Warren, Kenneth
Shersby, MichaelWatts, John
Sims, RogerWheeler, John
Skeet, Sir TrevorWhitney, Ray
Smith, Cyril (Rochdale)Widdecombe, Ann
Smith, Tim (Beaconsfield)Wilkinson, John
Smyth, Rev Martin (Belfast S)Wilshire, David
Soames, Hon NicholasWolfson, Mark
Speed, KeithWood, Timothy
Speller, TonyWoodcock, Mike
Spicer, Sir Jim (Dorset W)Yeo, Tim
Spicer, Michael (S Worcs)Young, Sir George (Acton)
Squire, Robin
Stanbrook, IvorTellers for the Ayes:
Steel, Rt Hon DavidMr. Mark Lennox-Boyd and
Steen, AnthonyMr. Peter Lloyd.

NOES

Abbott, Ms DianeCaborn, Richard
Adams, Allen (Paisley N)Callaghan, Jim
Allen, GrahamCampbell, Ron (Blyth Valley)
Archer, Rt Hon PeterCampbell-Savours, D. N.
Armstrong, HilaryCanavan, Dennis
Ashley, Rt Hon JackClark, Dr David (S Shields)
Ashton, JoeClarke, Tom (Monklands W)
Banks, Tony (Newham NW)Clay, Bob
Barnes, Harry (Derbyshire NE)Clelland, David
Barron, KevinClwyd, Mrs Ann
Battle, JohnCohen, Harry
Beckett, MargaretColeman, Donald
Bell, StuartCook, Frank (Stockton N)
Benn, Rt Hon TonyCook, Robin (Livingston)
Bennett, A. F. (D'nt'n & R'dish)Corbyn, Jeremy
Bermingham, GeraldCousins, Jim
Bidwell, SydneyCox, Tom
Blair, TonyCrowther, Stan
Boyes, RolandCryer, Bob
Bradley, KeithCummings, John
Bray, Dr JeremyCunliffe, Lawrence
Brown, Gordon (D'mline E)Cunningham, Dr John
Brown, Nicholas (Newcastle E)Dalyell, Tam
Buchan, NormanDarling, Alistair

Davies, Ron (Caerphilly)McTaggart, Bob
Davis, Terry (B'ham Hodge H'I)McWilliam, John
Dewar, DonaldMadden, Max
Dixon, DonMahon, Mrs Alice
Dobson, FrankMarek, Dr John
Doran, FrankMarshall, David (Shettleston)
Douglas, DickMarshall, Jim (Leicester S)
Duffy, A. E. P.Martin, Michael J. (Springburn)
Dunnachie, JimmyMaxton, John
Eadie, AlexanderMeacher, Michael
Eastham, KenMichie, Bill (Sheffield Heeley)
Evans, John (St Helens N)Millan, Rt Hon Bruce
Ewing, Harry (Falkirk E)Mitchell, Austin (G't Grimsby)
Fatchett, DerekMoonie, Dr Lewis
Faulds, AndrewMorgan, Rhodri
Field, Frank (Birkenhead)Morris, Rt Hon J. (Aberavon)
Fields, Terry (L'pool B G'n)Mowlam, Marjorie
Fisher, MarkMullin, Chris
Flannery, MartinMurphy, Paul
Flynn, PaulNellist, Dave
Foot, Rt Hon MichaelOakes, Rt Hon Gordon
Foster, DerekO'Neill, Martin
Foulkes, GeorgeOrme, Rt Hon Stanley
Fraser, JohnParry, Robert
Galbraith, SamPatchett, Terry
Galloway, GeorgePendry, Tom
Garrett, John (Norwich South)Pike, Peter L.
George, BrucePrescott, John
Gilbert, Rt Hon Dr JohnPrimarolo, Dawn
Godman, Dr Norman A.Quin, Ms Joyce
Golding, Mrs LlinRandall, Stuart
Gordon, MildredRedmond, Martin
Gould, BryanFlees, Rt Hon Merlyn
Grant, Bernie (Tottenham)Reid, Dr John
Griffiths, Nigel (Edinburgh S)Richardson, Jo
Griffiths, Win (Bridgend)Robertson, George
Grocott, BruceRobinson, Geoffrey
Hattersley, Rt Hon RoyRogers, Allan
Healey, Rt Hon DenisRooker, Jeff
Heffer, Eric S.Ross, Ernie (Dundee W)
Henderson, DougRowlands, Ted
Hinchliffe, DavidRuddock, Joan
Hogg, N. (C'nauld & Kilsyth)Sedgemore, Brian
Holland, StuartSheerman, Barry
Home Robertson, JohnSheldon, Rt Hon Robert
Howarth, George (Knowsley N)Shore, Rt Hon Peter
Howell, Rt Hon D. (S'heath)Short, Clare
Hoyle, DougSkinner, Dennis
Hughes, John (Coventry NE)Smith, Andrew (Oxford E)
Hughes, Robert (Aberdeen N)Smith, C. (Isl'ton & F'bury)
Hughes, Roy (Newport E)Smith, Rt Hon J. (Monk'ds E)
Hughes, Sean (Knowsley S)Snape, Peter
Illsley, EricSoley, Clive
Ingram, AdamStott, Roger
Janner, GrevilleStrang, Gavin
John, BrynmorStraw, Jack
Jones, Barry (Alyn & Deeside)Taylor, Mrs Ann (Dewsbury)
Kaufman, Rt Hon GeraldTurner, Dennis
Kinnock, Rt Hon NeilWall, Pat
Leadbitter, TedWalley, Joan
Leighton, RonWardell, Gareth (Gower)
Lestor, Joan (Eccles)Wareing, Robert N.
Lewis, TerryWelsh, Michael (Doncaster N)
Livingstone, KenWilliams, Rt Hon Alan
Lloyd, Tony (Stretford)Williams, Alan W. (Carm'then)
Lofthouse, GeoffreyWilson, Brian
McAllion, JohnWinnick, David
McAvoy, ThomasWise, Mrs Audrey
McCartney, IanWorthington, Tony
Macdonald, Calum A.Young, David (Bolton SE)
McFall, John
McKay, Allen (Barnsley West)Tellers for the Noes:
McKelvey, WilliamMr. Frank Haynes and
McLeish, HenryMr. Ray Powell.
McNamara, Kevin

Question accordingly agreed to.