§ Mr. WoodwardTo ask the Chancellor of the Exchequer what recent estimate he has made of the cost to the Treasury of collecting capital gains tax. [47635]
§ Dawn PrimaroloThe cost of collecting Capital Gains Tax in 2000–01 was £43 million. This equates to 1.33 pence for every pound of Capital Gains Tax collected.
The figure relates mainly to costs arising from gains to individuals and trustees but some other costs (mainly of land valuations for companies) that cannot be separately identified are included in the collection costs of capital gains tax.
§ Mr. WoodwardTo ask the Chancellor of the Exchequer what the income from capital gains tax was in each of the last five years. [47655]
§ Dawn PrimaroloReceipt of capital gains tax in each of the last five years are given on the Inland Revenue website at: http://www.inlandrevenue.gov.uk/stats/tax-receipts/g-t02-1.htm.