§ Mr. JackTo ask the Chancellor of the Exchequer (1) how many tax units aged 65 years and over paid capital gains tax in the financial year 1987–88;
105W(2) how many tax units aged 60 years and over paid capital gains in the financial year 1987–88.
§ Mr. Norman LamontI regret that the information requested is not available; but it is estimated that some 50,000 taxpayers aged 65 and over incurred capital gains tax liabilities on assets disposed of during 1985–86.
§ Mr. Norman LamontIt is estimated that in 1988–89 some 150,000 married couples and single persons aged 65 and over will be liable to income tax at the higher rate. Estimates are based on a projection of the 1985–86 survey of personal incomes and are provisional.