HC Deb 03 August 1976 vol 916 cc682-3W
Mr. Peter Rees

asked the Chancellor of the Exchequer (1) how many extra civil servants will be needed to administer the wealth tax which he proposes to introduce;

(2) what will be the annual cost of administering the wealth tax which he proposes to introduce;

(3) what will be the likely yield of the wealth tax which he prop_ oses to introduce;

(4) when the wealth tax which he proposes to introduce is to come into operation;

(5) what exemptions and reliefs from the wealth tax he intends;

(6) what assets will be subject to the wealth tax which he proposes to introduce;

(7) at what rates the wealth tax will be introduced.

Mr. Denzil Davies

My right hon. Friend will not be in a position to make any detailed statement about wealth tax until he has completed his consideration of the tax in the light of the work of the Select Committee.