§ Mr. Pardoeasked the Chancellor of the Exchequer what was the total of capital gains tax received in 1971–72 and 1972–73 on land and property; and how much of this was paid by companies and how much by private individuals.
§ Mr. NottCapital gains tax is levied on the realised gains of individuals only; those of companies are charged to corporation tax. No details are available of how much tax has been received from land and property in any particular year. Details of tax assessed on the latest years available were given in my reply on 11th December 1972 to the hon. Member for Heywood and Royton (Mr. Joel Barnett).—[Vol. 848, c.27.]