Assets

Mr. Hoban
To ask the Chancellor of the Exchequer what the value was of the indexation relief claimed on the disposal of (a) business assets and (b) non-business assets in each year since 1997.

Jane Kennedy
Estimates of the total cost of the indexation allowance to the Exchequer are published in Table A3.1 of the 2007 Financial Statement and Budget report. Estimates for 2007-08 are published in Table 7 of the 2007 Tax Ready Reckoner.

Figures for the value of indexation relief claimed split by type of asset are not available and could be provided only at disproportionate cost.

Mr. Hoban
To ask the Chancellor of the Exchequer what assessment he has made of the effect of taper relief since inception on the length of time (a) business and (b) non-business assets were held.

Jane Kennedy
Table 14.9 of the capital gains tax National Statistics provides statistics on the distribution of length of time assets have been held by type of asset.

http://www.hmrc.gov.uk/stats/capital_gains/menu.htm

Research carried out by Ipsos MORI on taxpayers' perceptions of the capital gains tax regime was published in December 2006.

http://www.hmrc.gov.uk/research/cgt-final-report26.pdf