§ Mr. LeighTo ask the Chancellor of the Exchequer what estimates the Treasury has for the annual costs to companies and members of the public of accounting for and paying capital gains tax.
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§ Sir George YoungThe Inland Revenue is not aware of any recent studies of capital gains tax compliance costs.
The deregulation task force chaired by Francis Maude is looking at capital gains tax as part of its efforts to reduce compliance costs for businesses. We shall consider carefully any recommendations the task force may make in due course.