§ Nick Harvey
To ask the Chancellor of the Exchequer if he will revise the tax treatment of losses made by1510W farmers on holdings of production quotas so as to allow losses to be written off against trading profits rather than capital transaction profits; and if he will make a statement. 
§ Dawn Primarolo
Production quotas held by unincorporated farmers are treated for tax purposes as chargeable assets and as such any losses are set against current or future chargeable gains. There are no current plans to revise this treatment.