§ Mr. Sheldonasked the Chancellor of the Exchequer what estimate he has made of the loss to the Revenue arising from the replacement of the short-term Capital Gains Tax by the long-term Capital Gains Tax at rates of 30 per cent., 32½ per cent. and 35 per cent.
§ Mr. Harold LeverOn the basis of the Budget estimate for 1968–69 the loss of revenue from short-term gains in each case would be £2½ million for the full year.
§ Mr. Sheldonasked the Chancellor of the Exchequer what estimate he has 410W made of the increase in revenue arising from an increase in Capital Gains Tax to 32½ per cent. and 35 per cent.
§ Mr. Harold LeverAbout £4 million and £7 million respectively for the full year on the basis of the Budget estimate for 1968–69.