Skip to main content

Capital Gains Tax

Volume 488: debated on Tuesday 24 February 2009

To ask the Chancellor of the Exchequer if he will estimate the revenue implications of taxing capital gains at the same marginal rates as income tax, with indexation for each financial year from 2009-10 to 2014-15. (257948)

It would be very difficult to provide a reliable estimate because of the difficulties of assessing the large behavioural responses which would result from a change of this kind.