Investment Income Surcharge

HC Deb 19 February 1976 vol 905 cc783-4W

Mr. Newton

asked the Chancellor of the Exchequer what loss of revenue would result from exempting those over 65 years of age from liability to investment income surcharge on investment income between £1,500 and £2,000.

Mr. Robert Sheldon

At 1975–76 levels of income, about £12 million.