HC Deb 10 April 1972 vol 834 c134W
Mr. Denzil Davies

asked the Chancellor of the Exchequer (1) how many taxpayers in the year 1970–71 were charge-able to tax in respect of unearned income;

(2) how many taxpayers in the year 1970–71 were in receipt of unearned income of less than £500, £1,000, £1,500 and £2,000, respectively.

Mr. Patrick Jenkin

For 1969–70, the latest year for which figures are available, about 4½2 million individuals with investment income paid tax. Of these, about 3.6 million had investment income of less than £500, about 4 million had less than £1,000, about 4.2 million had less than £1,500 and about 4.3 million had less than £2,000. About 16 million individuals who were liable to tax had no investment income. These figures count married couples as one unit