§ Mr. MacGregorasked the Chancellor of the Exchequer if he will give for the most recent year for which figures are available the number of estates (a) above and below £100,000 and (b) above and below £500,000, and the amount of capital transfer tax levied on those estates.
§ Mr. Robert Sheldon, pursuant to his reply [Official Report, 27th April 1978; Vol. 948, c. 673], gave the following information:
The figures for 1976–77, including both capital transfer tax and estate duty, are as follows:
Number of estates Tax paid (£ million) (i) Below £100,000 285,718 170 (ii) Above £100,000* 2,845 178 (iii) Below £500,000† 288,467 299 (iv) Above £500,000 96 49 * Including those in (iv). † Including those in (i). Separate figures for capital transfer tax are not immediately available but I will write to the hon. Member giving him these figures as soon as possible.
194WAbout 220,000 of these estates were below £15,000, the general CTT and ED threshold; and other estates qualified for specific exemptions and reliefs. This is reflected in the figures for tax paid.