HC Deb 29 April 1966 vol 727 cc59-60W
Mr. Barnett

asked the Chancellor of the Exchequer if he will estimate the cost of exempting the first £100 of capital gains in each year from tax.

Mr. MacDermot

It is not possible to make an estimate. The cost would depend on the extent to which taxpayers took advantage of the exemption by spreading their realisations of capital gains.