HC Deb 15 February 1982 vol 18 cc26-7W
Mr. Straw

asked the Chancellor of the Exchequer if he will list the aggregate totals of the tax changes of the items listed in questions of the hon. Member for Blackburn of 15 February in respect of the 1979, 1980 and 1981 budgets, and of all items.

Mr. Ridley

I shall let the hon. Member have a reply as soon as possible.

Mr. Straw

asked the Chancellor of the Exchequer what is the estimated full year cost at 1982-83 prices and incomes, in each case of the following tax changes announced in the 1981 Budget—table 2, FSBR 1981–82 refers:(1) capital gains tax settled property rules, including roll-over relief, (2) capital tranfer tax (a) changes in the rates on lifetime transfers, (b) limitation of cumulation period to 10 years, (c) increase in annual exemption for lifetime gifts, (d)extension of interest-free instalment facilities, (e) extension of transitional period for discretionary trusts, (f)extension and amalgamation of quick succession reliefs and (g)other changes.

Mr. Ridley

I shall let the hon. Member have a reply as soon as possible.

Mr. Straw

asked the Chancellor of the Exchequer what is the estimated full year cost at 1982-83 prices and income, in each case of the following tax changes announced in the 1980 Budget—table 2, FSBR 1980–81 refers: (1) income tax (a) increase in higher rate threshold to £11,250,(b) changes in further higher rate threshold, (c)increase in investment income surcharge threshold, (d) income tax relief for capital losses (2) capital gains tax (a) £3,000 exempt slice for individuals and £1,500 for trustees (b) roll-over relief for lifetime gifts (3) capital tranfer tax (a) increase in threshold and (b) other minor items and (4) stamp duties, raising of threshold by £5,000.

Mr. Ridley

I shall let the hon. Member have a reply as soon as possible.

Mr. Straw

asked the Chancellor of the Exchequer if he will publish in the Official Report a tax ready reckoner giving the full year effect at 1982–83 incomes and prices of the illustrative tax changes given in the table attached to "Treasury Background Notes May 1981".

Mr. Ridley

It is not the practice to give estimates of this sort for the coming financial year until Buddget time.

Mr. Straw

asked the Chancellor of the Exchequer what is the estimated full year cost, at 1982–83 prices and incomes, in each of the following tax changes announced in the 1979 Budget, table 16, FSBR 1979–80 refers: (1) income tax; (a) extension of basic rate band by £2,000,(b) changes in higher rates and thresholds and (c) increase in investment income surcharge thresholds; (2) capital transfer tax: extension of transitional period for discretionary trusts.

Mr. Ridley

I shall let the hon. Member have a reply as soon as possible.