§ Mr. Ridleyasked the Chancellor of the Exchequer if he will set out the yield of short-term capital gains tax, capital gains tax and estate duty for each of the last 10 financial years in which they have been in force.
§ Mr. NottThe net receipts of these taxes in these years were as follows:
NET RECEIPTS (£ million) Financial year Short-term capital gains tax (estimated) Capital gains tax Estate duty 1963–64 2 — 312 1964–65 2 — 297 1965–66 2 — 293 1966–67 2 8 301 1967–68 3 16 330 1968–69 7 47 382 1969–70 8 128 365 1970–71 6 139 357 (provisional) 1971–72 5 155 451 (provisional) These figures do not include corporation tax on the chargeable gains of companies which by 1971–72 had risen to an estimated level of over £100 million.