§ Mr. Michael Lathamasked the Chancellor of the Exchequer (1) what was the total revenue obtained from the development gains tax between its introduction and its replacement by development land tax; what element of that total represented the yield from first lettings charge; and by how much the yield from the tax exceeded its annual administrative costs in Her Majesty's Treasury and the Inland Revenue, including provision for administrative overheads;
(2) how many assessments were made by the Revenue under the first letting or occupation provisions of the development gains tax between the introduction of the tax and its abolition; and in how many cases no tax was subsequently charged;
(3) how many chargeable gains for the purposes of development gains tax were the subject of assessment by the Revenue between the introduction of the tax and its replacement by development land tax.
§ Mr. Arthur Jonesasked the Chancellor of the Exchequer (1) what is the estimated cost of running the DLT office during 1976–77, 1977–78, and 1978–79;
(2) what is now the estimated yield from development land tax in England and Wales in 1976–77, 1977–78 and 1978–79;
(3) what is the estimated cost of the work to be undertaken in respect of 49W valuation for development land tax purposes by district valuers in England and Wales in 1976–77, 1977–78 and 1978–79.
§ Mr. Denzil DaviesI will let the hon. Members have a reply as soon as possible.