§ Mr. Trotterasked the Chancellor of the Exchequer what is his estimate of the extent to which the yield from capital gains tax in 1973–74 was derived from profits caused by inflation.
§ Mr. Joel Barnett, pursuant to his reply [Official Report, 18th February 1975; Vol. 886, c. 369], gave the following answer:
On the assumption that the hon. Member is referring to capital gains tax, I would refer him to the reply I gave to the Question by the hon. Member for Bournemouth, East (Mr. Cordle) on 14th February 1975.