§ Mr. Denzil Daviesasked the Chancellor of the Exchequer what is the estimated total yield from capital transfer tax in the current financial year if all the taxable bands were increased by 20 per cent.
§ Mr. Peter Rees[pursuant to his reply, 11 February 1980, c. 513]; The yield of capital transfer tax in 1979–80 is now estimated as £400 million. If all the taxable bands had been increased by 20 per cent. this yield would have been lowered to £335 million.