§ Mr. Pawseyasked the Chancellor of the Exchequer how much of the revenue raised by capital transfer tax in the last financial year was paid by farmers.
§ Mr. RidleyThe latest available information relates to the tax due at death for 1979, when tax incurred by those owning farm land or with an interest in a farming business or a farming partnership was about £60 million out of £425 million incurred by all taxpayers.
405WThis figure does not include lifetime transfers, although the Inland Revenue considers it unlikely that the addition of these figures, if available, would effect the total significantly.