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Capital Gains Tax

Volume 488: debated on Wednesday 25 February 2009

To ask the Chancellor of the Exchequer if he will estimate what the cost to the Exchequer would be of exempting from capital gains tax business owners who sell their businesses upon retirement up to the value of (a) £100,000, (b) £200,000, (c) £300,000, (d) £400,000, (e) £500,000 and (f) £1,000,000 in each financial year from 2009-10 to 2014-15. (257645)

I refer the hon. Gentleman to the answer given to him by my right hon. Friend the former Financial Secretary (Jane Kennedy) on 22 May 2008, Official Report, column 435W.