§ Mr. Campbell-SavoursTo ask the Chancellor of the Exchequer what is his estimate of the value of tax receipts from corporation tax on privately rented residential accommodation in the last year for which statistics are available. [88818]
§ Dawn PrimaroloIt is estimated that some £21 billion in corporation tax liability arose in 1996—1997 on companies' income from land and property. A separate estimate for rented residential accommodation is not available.
§ Mr. Campbell-SavoursTo ask the Chancellor of the Exchequer what estimate he has made of the value of tax receipts from income tax on privately rented residential accommodation in the last year for which statistics are available. [88817]
§ Dawn PrimaroloIt is estimated that about £900 million of income tax paid by individuals in respect of the 1997–1998 tax year arose from income from land and property. It is not known how much of this arose from residential accommodation.
§ Mr. Campbell-SavoursTo ask the Chancellor of the Exchequer on what basis statistics are compiled by his Department on the revenue raised in the case of(a) privately rented residential property and (b) privately rented commercial property. [88815]
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§ Dawn PrimaroloStatistics on the income of companies and individuals from land and property, and the corporation tax and income tax arising from this income, are based on analyses of representative samples of tax returns. As these returns do not show a split of rent income by type of property, separate statistics on the tax revenue from privately rented residential and commercial property are not available.
No statistics are available on capital gains tax, inheritance tax or stamp duties arising on rented property.
§ Mr. Campbell-SavoursTo ask the Chancellor of the Exchequer what is his estimate of the value of tax receipts from capital gains tax on privately rented residential accommodation in the last year for which statistics are available. [88816]
§ Dawn PrimaroloThe information requested is not available.