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Capital Gains Tax

Volume 13: debated on Friday 27 November 1981

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asked the Chancellor of the Exchequer if he will list the amount of revenue gained from capital gains tax for each year since its inception; and if he will present these data (a) in real terms and (b) as a percentage of total Government revenue.

[pursuant to his reply, 26 November 1981, c. 430]: The figures are as follows:

Revenue from Capital Gains Tax
ActualAdjusted to October 1981 pricesAs a percentage of Central Government Revenue
£ million£ million
1966–677350·1
1967–6816770·1
1968–69472150·4
1969–701285590·8
1970–711395650·;9
1971–721555770·9
1972–732087241·2
1973–743241,0201·8
1974–753821,0201·6
1975–763878301·3
1976–773236001·0
1977–783405550·9
1978–793535320·8
1979–804305590·8
1980–815085680·8
The above figures do not include corporation tax paid on capital gains by the corporate sector. The General Index of Retail Prices has been used to express the revenue in real terms.