§ Mr. Fieldasked the Chancellor of the Exchequer what was the revenue gained from capital transfer tax for each year since its inception (a) in real terms and (b) as a percentage of total Government revenue.
§ Mr. Ridley[pursuant to his reply, 26 November 1981, c. 430]: The figures are as follows:
500W
Revenue from Capital Transfer Tax Actual Adjusted to October 1981 prices As a percentage of total Central Government revenue £ million £ million 1975–76 118 253 0.4 1976–77 259 482 0.8
Actual Adjusted to October 1981 prices As a percentage of total Central Government revenue £ million £ million 1977–78 311 507 0.8 1978–79 323 487 0.7 1979–80 401 522 0.7 1980–81 425 475 0.6 The General Index of Retail Prices has been used to express the revenue in real terms.