§ Mr. Lawson
asked the Chancellor of the Exchequer what progress he has made in agreeing the criteria to determine which listed houses will be exempt from capital transfer tax and which will not be exempt; whether Her Majesty's Government propose to publish a list of capital 524W transfer tax-exempt houses; and whether he will make a statement.
§ Mr. Joel Barnett
Exemption from capital transfer tax on any individual house can be granted only when the occasion of transfer arises, and undertakings required under the provisions of the Finance Act 1975 are entered into by the appropriate person. General guidance on the criteria to be satisfied before exemption would be granted will be issued as soon as possible, but not until consultation with the Departments concerned is completed.
No list of properties granted exemption under the provisions of the Act will be published; to do so would breach the confidentiality of the tax affairs of an individual.