§ Mr. Neil Hamiltonasked the chancellor of the Exchequer how many valuations of assets at 6 April 1965 prices for the purposes of capital gains tax and corporation tax on capital gains were carried out in the latest year for which figures are available; and if he will estimate the costs incurred by the Inland Revenue in connection with those valuations
230WProceeds from the sale of assets are a source of internally generated funds for nationalised industries and do not directly accrue to the Exchequer although they do affect the industries' need for external finance.
§ Mr. Blairasked the Chancellor of the Exchequer if he will publish in the Official Report a table comparable with table 2.1 of the 1987 public expenditure White Paper (Cm. 56–11), showing, by programme for the years 1979–80 to 1989–90, the actual or projected proceeds of public sector sales of assets outside the "central privatisation proceeds" detailed in table 2.21.
§ Mr. MacGregorThe table shows sales of land and buildings by Department for the years 1979–80 to 1989–90. The figures include sales by local authorities and new towns as well as central Government and are consistent with the figures published in the 1987 public expenditure White Paper, Cm. 56. To be consistent with table 2.1, the figures are provided by Department rather than programme.
It is not possible to identify fully the sales of assets, other than those from privatisation proceeds and sales of land and buildings, within the public expenditure figures. However, the amounts of these other sales are likely to be relatively small.
§ Mr. Norman LamontI shall let my hon. Friend have a reply as soon as possible.