HC Deb 24 July 1975 vol 896 c280W
Mr. Knox

asked the Chancellor of the Exchequer what he estimates would be the yield in a full year of capital transfer tax levied on the net value of transfers compared with the yield on the grossed up basis.

Mr. Joel Barnett

At current levels this proposal would lead to a loss of about 30 per cent. of the tax or about£50 million out of the£160 million estimated yield of capital transfer tax in 1975–76.

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