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Wealth Tax

Volume 892: debated on Wednesday 14 May 1975

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asked the Chancellor of the Exchequer what is his best estimate of the number of persons who would be liable to a wealth tax commencing at £100,000 and the best estimate he is able to make of the same figure in respect of a wealth tax commencing at £50,000.

At 1973 capital values about 110,000 and 320,000 individuals, and at mid-1974 capital values about 90,000 and 320,000, respectively, on the basis of the proposals in the Green Paper. These estimates exclude assessments which might fall to be made on trusts not included in the estate duty statistics.