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Mr. Deakins
asked the Chancellor of the Exchequer what were the receipts from capital gains tax in 1969–70 and in 1971–72, and for the latest available period.
Mr. Nott
Net receipts of capital gains tax in 1969–70 and in 1971–72 were £128 million and £155 million respectively. The corresponding figures for corporation tax on gains of companies, for years ending on 31st October, were about £100 million and £65 million.Net receipts of capital gains tax for the period 1st April to 30th November 1973 were £195 million.