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Mr. Barron
To ask the Chancellor of the Exchequer if he will estimate the yield in 1989–90 from reducing capital gains tax allowances to the level of personal allowances.
Mr. Norman Lamont
About £10 million. The levels of personal allowances substituted for the annual exempt amount as a basis for this reply are those proposed in chapter 4 of the Financial Statement and Budget Report 1988–89 (Cm. 361).