§ Mr. Newtonasked the Chancellor of the Exchequer if he will estimate the capital gains tax revenue in respect of quoted ordinary shares and other quoted securities, respectively; and what proportion these figures represent of total capital gains tax revenue.
§ Mr. Denzil DaviesInformation in respect of particular types of shares and securities is not available. However, in the first seven months of 1975–76—the latest period for which figures are available—approximately 58 per cent. of capital gains tax assessed—based mainly on gains realised in 1972–73 and 1973–74 —was derived from gains in company shares and securities generally. I would also refer the hon. Member to information in the annual publication "Inland Revenue Statistics", for example, tables 114 and 115 of the 1975 Edition.