§ Mr. Bruce-Gardyneasked the Chancellor of the Exchequer what would be the cost to the Revenue in the first full financial year of extending the 15-year period for deemed disposals for the purpose of capital gains tax to 25 years in the case of all chargeable assets and in cases where the chargeable assets are shares in unquoted companies, respectively.
§ Mr. Patrick JenkinThe answer to the first part of the Question is about £5 million. As regards the second part, information on which to base an estimate is not available.
§ Mr. Bruce-Gardyneasked the Chancellor of the Exchequer what would be the cost to the Revenue in a full financial year of abolishing deemed disposals for the purposes of capital gains tax.
§ Mr. Patrick JenkinAbout £15 million.
§ Mr. Bruce-Gardyneasked the Chancellor of the Exchequer (1) what would be the cost to the Revenue in a full financial year of abolishing deemed disposals for the purposes of capital gains tax when the assets assessable consist of shares in unquoted companies;
(2) what would be the cost to the Revenue in a full financial year of charging capital gains tax at half the standard rate in cases of deemed disposals when the assets assessable consist of shares in unquoted companies.
§ Mr. Patrick JenkinInformation is not available on which to base the desired estimates.
247W
§ Mr. Bruce-Gardyneasked the Chancellor of the Exchequer what would be the cost to the revenue in a full financial year of abolishing the 15-year rule for deemed disposals for the purpose of capital gains tax.
§ Mr. Patrick JenkinAbout £5 million.