§ Mr. Proctorasked the Chancellor of the Exchequer how much revenue has accrued to the Exchequer from capital transfer tax in each of the last five years; and what has been the cost of administration of capital transfer tax.
§ Mr. RidleyThe receipt of capital transfer tax and estate duty for the years concerned and the estimated cost of administering capital transfer tax and estate duty together are shown in the following table. The cost of administering capital transfer tax alone is not available.
Year Capital Transfer Tax receipt Estate Duty receipt Estimated cost £ million £ million £ million 1978–79 322.8 46.2 12.9 1979–80 400.8 32.1 14.5 1980–81 424.5 27.3 16.9 1981–82 479.7 17.5 15.7 1982–83 (estimate) 465.0 10.0 17.0