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Stock Appreciation Tax

Volume 890: debated on Tuesday 22 April 1975

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asked the Chancellor of the Exchequer what estimate he has made of the benefit to industry of the deferment of tax on stock appreciation made in his last two Budgets.

pursuant to his reply [Official Report, 21st April], circulated the following answer:The effect on 1974–75 payments of corporation tax is estimated at £775 million, as shown in Table 6 of the 1974–75 Supplementary Financial Statement and Budget Report, and the effect on 1975–76 payments of income tax and corporation tax is estimated at £1,300 million, as given in footnote 2 to Table 4 of the 1975–76 Financial Statement and Budget Report.