Capital Gains Tax

HC Deb 30 June 1983 vol 44 cc125-6W

Mr. Soames

asked the Chancellor of the Exchequer if he will state the revenue accruing to the Treasury in the last financial year from capital gains tax; and what was the cost of raising such revenue.

Mr. Ridley

The net receipts of capital gains tax in the financial year 1982–83 were £632 million. These receipts exclude corporation tax on companies' gains. Full

distinguishing between commercial, domestic and other rates in the manner of the answer to the hon. Member for Kensington on 10 May 1983, Official Report, c. 248.

Mr. Wyn Roberts

The information requested is given in the following table:

information on which an estimate of the cost of collection could be made is not yet available. However, if the 1981–82 estimate is uprated by reference to likely increases in costs, the cost of collection in the year 1982–83 would be around £15 million.