§ Mr. Knoxasked the Chancellor of the Exchequer what he estimates would be the yield in a full year of capital transfer tax levied on the net value of transfers compared with the yield on the grossed up basis.
§ Mr. Joel BarnettAt current levels this proposal would lead to a loss of about 30 per cent. of the tax or about£50 million out of the£160 million estimated yield of capital transfer tax in 1975–76.