§ Mr. Richard Wainwrightasked the Chancellor of the Exchequer what is the estimated yield and the estimated cost of collection of capital gains tax for 1982–83.
§ Mr. RidleyThe forecast yield of capital gains tax—excluding corporation tax on chargeable gains—for 1982–83 is £600 million. Full information on which an estimate of the cost of collection could be made is not yet available. However, if the 1981–82 estimate is uprated by reference to likely increases in costs the cost of collection in the current year would be around £15 million.
§ Mr. Richard Wainwrightasked the Chancellor of the Exchequer what was the yield and the estimated cost of collection of capital gains tax for the most recent year for which this information is available.
§ Mr. RidleyThe total yield of capital gains tax—excluding corporation tax on chargeable gains—for 1981–82, the latest year for which figures are available, was £525.5 million. The estimated cost of collection was £13.8 million.