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Milking the system

Language: English Series: Guardian ; 1 February 1999, 16(1)Publication details: 1999Subject(s): Summary: At present, landowners pay no capital gains tax on profits earned on farmland sold for development. The author proposes that the government close the loophole and make up to £1 billion in the process.

At present, landowners pay no capital gains tax on profits earned on farmland sold for development. The author proposes that the government close the loophole and make up to £1 billion in the process.