§ Mr. Fieldasked the Chancellor of the Exchequer if he will list the amount of revenue gained from capital gains tax for each year since its inception; and if he will present these data (a) in real terms and (b) as a percentage of total Government revenue.
§ Mr. Ridley[pursuant to his reply, 26 November 1981, c. 430]: The figures are as follows:
Revenue from Capital Gains Tax Actual Adjusted to October 1981 prices As a percentage of Central Government Revenue £ million £ million 1966–67 7 35 0.1 1967–68 16 77 0.1 1968–69 47 215 0.4 1969–70 128 559 0.8 1970–71 139 565 0.;9 1971–72 155 577 0.9 1972–73 208 724 1.2 1973–74 324 1,020 1.8 1974–75 382 1,020 1.6 1975–76 387 830 1.3 1976–77 323 600 1.0 1977–78 340 555 0.9 1978–79 353 532 0.8 1979–80 430 559 0.8 1980–81 508 568 0.8 The above figures do not include corporation tax paid on capital gains by the corporate sector. The General Index of Retail Prices has been used to express the revenue in real terms.