Capital Gains Tax (Hansard, 26 November 1987)

HC Deb 26 November 1987 vol 123 c294W 294W

23. Mr. John M. Taylor
To ask the Chancellor of the Exchequer what recent representations he has received regarding the impact of current levels of capital gains tax; and if he will make a statement.

§ Mr. Norman Lamont
A number of representations have been received and these will be borne in mind in the run-up to the Budget.

§ 26. Mr. Bellingham
To ask the Chancellor of the Exchequer what he now expects the total proceeds from capital gains tax to be in the financial year 1987–88.

§ Mr. Norman Lamont
Estimated receipts from capital gains tax and corporation tax on gains are expected to be around £1.3 billion and £0.8 billion respectively. These estimates are unchanged from the 1987 FSBR.