The Finance Bill will provide for changes in capital gains tax which is currently payable on a preceding year basis. In future this payment will be made by 31 October each year in respect of gains made up to 30 September in that tax year. Tax due on gains made over the remainder of that tax year will be paid by the following 31 January. This will result in a once-off gain of €250 million for the Exchequer in 2003. In making this move, we will put capital gains tax on a similar footing to other tax charges. In addition, the capital gains tax base is being widened by the curtailment or termination of certain reliefs.