§ Mr. Kenneth Bakerasked the Chancellor of the Exchequer what was the yield of Capital Gains Tax for the last financial year; how much came from individual taxpayers and how much from companies; and what estimate he has made of the field for the current financial year.
§ Mr. Harold LeverThe yield of capital gains tax in 1967–68 was £15¾ million; all of this was collected from individuals. Capital gains of companies are chargeable to Corporation Tax and it is estimated that they accounted for £7 million of the £1,426 million collected in 1967–68. The corresponding estimates for 1968–69 are £44 million and £25 million, respectively.