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Investment Incomes

Volume 884: debated on Wednesday 22 January 1975

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asked the Chancellor of the Exchequer if he will estimate the number of persons liable to the investment income surcharge with incomes (a) between £1,000 and £2,000 per annum (b) between £2,000 and £3,000 per annum.

For 1974–75 the estimated numbers of taxpayers liable to the investment income surcharge with total incomes between the limits specified are as follows:

Range of total net incomeNumbers
£ per annum('000)
1,000–2,00035
2,000–3,000120

asked the Chancellor of the Exchequer if he will estimate the number of persons aged 65 years or more who will be liable to pay investment income surcharge and whose investment

Total residential Units of all kindsLetUnder modernisation or pending early modernisationUnlet in areas for which planning applications are outstandingVacant owing to normal movesUnder offerUninhabitable
3,8763,613109*95271814
* Includes 20 houses in Cornwall Terrace originally residential but used as offices for past 30 years.
Thirty-eight of the unlet properties are occupied by squatters. The Crown Estate Commissioners are in touch with the Department of the Environment and with local authorities about short-term uses for temporarily empty properties.