Capital Gains and Estate Duty

HC Deb 18 October 1973 vol 861 cc274-5W

Mr. Ridley

asked the Chancellor of the Exchequer if he will state the yield of capital gains tax, both long-term and short, and of estate duty, for each of the following years where applicable: 1950, 1960, 1965, 1970 and 1972.

Mr. Nott

The estimated net receipts of these taxes for the years stated were as follows:

					£m.
	1950	1960	1965	1970	1972
Taxes on capital gains
Persons (short term)	—	—	3	8	3
Persons (long term)	—	—	—	154	178
Companies	—	—	—	89	70
Estate Duty	184	236	287	378	483