§ Mr. Michael Latham
asked the Chancellor of the Exchequer how many chargeable gains for the purposes of development gains tax were the subject of assessment by the Revenue in the first financial year of the tax; and in how many cases no tax was subsequently charged.
§ Mr. Denzil Davies,
pursuant to his reply [Official Report, 13th October 1975; Vol. 897, c. 583], gave the following information:
No assessments to tax on development gains were made before June 1975.