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Capital Gains Tax

Volume 886: debated on Wednesday 19 February 1975

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asked the Chancellor of the Exchequer what proportion of the revenue raised by capital gains tax in each year since its introduction is estimated to have been the result of the depreciation of the currency rather than any real increase in the real value of the property.

I regret that information, in particular with respect to the length of the period over which gains have accrued, on which estimates could be based is not available.

asked the Chancellor of the Exchequer how much was raised by capital gains tax in each of the years since its introduction; and what is the estimated yield for the current year.

I would refer the hon. Member to the replies given on 20th November 1974 to the hon. Members for Cardiff, North (Mr. Grist) and Cirencester and Tewkesbury (Mr. Ridley).