Real Estate (Incomes)

Mr. Deakins
asked the Chancellor of the Exchequer what percentages of total income and income from property, respectively (excluding non-taxable benefits) accrue to the top 1 per cent., the top 5 per cent. and the top 10 per cent., of taxpayers.

Mr. Nott
On the basis of the coverage and definitions of income given on page xi of "The Survey of Personal Incomes 1970–71" published by HMSO, the figures are as follows: -----------------------
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|Total net income     |
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|Net investment income|
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The figures relate to all persons with incomes above £420 per annum, whether or not they actually paid tax.