HC Deb 28 July 2000 vol 354 c1016W
Mr. Matthew Taylor

To ask the Chancellor of the Exchequer if he will estimate the net revenue yield over the next five financial years of reintroducing a system of indexation of capital gains from 6 April 2001 and simultaneously abolishing taper relief from the same date; and if he will make a statement. [130274]

Dawn Primarolo

[holding answer 13 July 2000]: The net revenue yield from reintroducing indexation and abolishing taper is estimated to be £400 million for the first year, most of which would be received in the following year. Estimates thereafter are highly dependent on assumed growth in asset values.

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