§ Mr. Rookerasked the Chancellor of the Exchequer to what extent the estimated yields from (a) capital transfer tax, (b) capital gains tax and (c) investment income surcharge set out in the financial statement and Budget report still reflect the anticipated revenue from these taxes in 1983–84; and if, where the most recent estimate differs from this estimate, he will state that estimate.
§ Mr. Moore[pursuant to his reply, 8 February 1984, c. 602]: The yield in 1983–84 from (a) capital transfer tax and (b) capital gains tax is still uncertain, but present indications are that the estimates in the financial statement and Budget report 1983–84 will be equalled, if not exceeded.
No separate estimates of the yield in 1983–84 from investment income surcharge were given in the financial statement and Budget report. However, the yield accruing from the surcharge in respect of investment income received by taxpayers in 1983–84 is estimated to be about £290 million.