HC Deb 12 July 1979 vol 970 c291W
Mr. Best

asked the Chancellor of the Exchequer if he will give the cost of increasing the threshold for investment income surcharge from £5,000, to (a) £6,000, (b) £7,000 and (c) £8,000.

Mr. Peter Rees

About £35 million, £65 million and £90 million respectively in a full year at 1979–80 income levels.

Mr. Best

asked the Chancellor of the Exchequer if he will give the cost of abolishing the investment income surcharge.

Mr. Peter Rees

About £215 million in a full year at 1979–80 income levels.

Mr. Best

asked the Chancellor of the Exchequer, if he will give the cost of limiting the investment income surcharge to taxpayers under the age of 65 years.

Mr. Peter Rees

About £110 million after taking account of the changes proposed in the Budget.