§ Mr. Neil Hamiltonasked the Chancellor of the Exchequer what is the anticipated yield, for the current tax year, of capital gains tax, including tax on companies' chargeable gains; and how much of that revenue would be lost if 6 April 1982 was to be taken as the new base date, so that when assets were acquired before that date they could be treated as having been actually acquired for the market value on that date, as well as having the indexation allowance based on that value and how much of the anticipated revenue would be lost if gains were fully indexed to April 1965.
§ Mr. Norman LamontThe estimated yields in 1986–87 from capital gains tax and corporation tax on gains are £1,050 million and £800 million respectively. Possibly about one-half of this revenue would be lost it the tax base was limited to gains accruing from April 1982, or if gains were fully indexed to April 1965.