Skip to main content

Capital Transfer Tax

Volume 889: debated on Tuesday 8 April 1975

The text on this page has been created from Hansard archive content, it may contain typographical errors.

asked the Secretary of State for Wales what estimate he has made of the annual contribution by those engaged in agriculture in Wales to the capital transfer tax.

It is difficult to make such an estimate, as it depends on the reactions of farmers and landowners and on such factors as the transfer of assets between spouses.

compares with the amount spent in the last 10 years; and how it is divided between direct Government aid, private investment, and aid from voluntary agencies.

The following table shows the relationship to gross national product, in percentage terms, of the various categories of financial flow as they have been reported to the Development Assistance Committee of the OECD during the 10 years 1964 to 1973, the last year for which full details are available; provisional estimates of official development assistance indicate that this represented 0ยท38 per cent. of gross national product in 1974.