§ Mr. Fieldasked the Chancellor of the Exchequer if he will list the overall effect by groups of taxpayers earning (a) two thirds of average earnings, (b) average earnings, (c)twice, (d) three, (e) four, (f) five and (g) 10 times average earnings, according to whether the taxpayer is (i) single, (ii) married and (iii) married with one, two, three, four or more children, of his Budget proposal to introduce new rate schedules for both death and lifetime transfers as well as to (1) increase the rate of relief for transfers of minority holdings in unquoted companies from 20 per cent. to 30 per cent., (2) increase the rate of relief for transfers of tenanted agricultural land from 20 per cent. to 30 per cent., (3) extend the period over which tax may be 63W paid by instalments from eight to 10 years and remove the facility to pay by half-year instalments, (4) remove the ceiling of £250,000 on the total value of transfers within one year of death to charities which is exempt, (5) remove the specified rule under which persons becoming domiciled in the Channel Islands or the Isle of Man may be regarded as remaining domiciled in the United Kingdom for tax purposes, (6) clarify the rules about the incidence of tax on death when the will contains no directions and (7) amend the provisions relating to settled property.
§ Mr. RidleyI shall let the hon. Member have a reply as soon as possible.
§ Mr. Fieldasked the Chancellor of the Exchequer if he will list the overall effect by groups of taxpayers earning (a) two thirds of average earnings, (b) average earnings, (c)twice, (d) three, (e) four, (f) five and (g) 10 times average earnings, according to whether the taxpayer is (i) single, (ii) married and (iii) married with one, two, three, four or more children, of his Budget proposal to change the customs and excise duty on tobacco.
§ Mr. Bruce-GardyneI shall let the hon. Member have a reply as soon as possible.
§ Mr. Fieldasked the Chancellor of the Exchequer (1) if he will list the overall effect by groups of taxpayers earning (a) two thirds of average earnings, (b) average earnings, (c)twice, (d) three, (e) four, (f) five and (g) 10 times average earnings, according to whether the taxpayer is (i) single, (ii) married and (iii) married with one, two, three, four or more children, of his Budget proposal on capital gains tax to (1) increase the annual exempt amount in line with the increase in the retail prices index so that for 1983–84 an individual will be exempt on the first £5,300, and most trusts on the first £2,650, of capital gains, (2) increase the limit on reliefs relating to the transfer of a business on retirement, (3) increase the limit on reliefs relating to the letting of residential accommodation and small part disposals of land, (4) extend the private residence relief to gains arising to a person required by the terms of his trade or profession to live in other accommodation and abolish the small gifts exemption and the payment by instalment facilities and (5) amend the rules relating to the value at which assets are deemed to be acquired from certain non-resident trusts;
(2) if he will list the overall effect by group of taxpayers earning (a) two thirds of average earnings, (b) average earnings, (c) twice, (d) three, (e) four, (f) five and (g) 10 times average earnings, according to whether the taxpayer is (i) single, (ii) married and (iii) married with one, two, three, four or more children of his Budget proposal to (1) increase the single person's allowance and the wife's maximum earned income relief from £1,565 to £1,785 and the married allowance from £2,445 to £2,795, (2) increase the basic rate limit to £14,600 and (3) increase the width of the 40 per cent. band to £2,600, of the 45 per cent. band to £4,600 and of the 50 per cent. and 55 per cent. bands to £7,100.
§ Mr. RidleyI shall let the hon. Member have a reply as soon as possible.
§ Mr. Fieldasked the Chancellor of the Exchequer if he will list the overall effect by group of taxpayers earning (a) two thirds average earnings, (b) average earnings, (c) twice, (d) three, (e) four, (f) five and (g) 10 times average 64W earnings, according to whether the taxpayer is (i) single, (ii) married, (iii) married with one, two, three, four or more children of his Budget proposal to change the customs and excise duty on alcoholic drinks.
§ Mr. Bruce-GardyneI shall let the hon. Member have a reply as soon as possible.
§ Mr. Fieldasked the Chancellor of the Exchequer (1) if he will list the overall effect by group of taxpayers earning (a) two thirds of average wages, (b) average earnings, (c) twice, (d) three, (e) four, (f) five and (g) 10 times average earnings, according to whether the taxpayer is (i) single, (ii) married and (iii) married with one, two, three, four or more children of his Budget proposal to (1) raise the threshold for the investment income surcharge for 1983–84 from £6,250 to £7,100, (2) extend the widow's bereavement allowance to cover the year after the husband's death, (3) increase the limit on loans qualifying for mortgage interest relief from £25,000 to £30,000 and (4) extend mortgage interest relief to interest paid on certain loans for the purchase of a house by a borrower who is under a contractual obligation to live in other accommodation;
(2) if he will list the net individual income effect on taxpayers earning (a) two thirds average earnings, (b) average earnings, (c) twice, (d) three, (e) four, (f) five and (g) 10 times average earnings, according to whether the taxpayer is (i) single, (ii) married and (iii) married with one, two, three, four or more children of his Budget proposal to (1) raise the threshold for the investment income surcharge for 1983–84 from £6,250 to £7,100, (2) extend the widow's bereavement allowance to cover the year after the husband's death, (3) increase the limit on loans qualifying for mortgage interest relief from £25,000 to £30,000 and (4) extend mortgage interest relief to interest paid on certain loans for the purchase of a house by a borrower who is under a contractual obligation to live in other accommodation;
(3) if he will list the net individual income effect on taxpayers earning (a) two thirds average earnings, (b) average earnings, (c) twice, (d) three, (e) four, (f) five and (g) 10 times average earnings, according to whether the taxpayer is (i) single, (ii) married and (iii) married with one, two, three, four or more children of his Budget proposal to introduce new rate schedules for both death and life time transfers as well as to (1) increase the rate of relief for transfers of minority holdings in unquoted companies from 20 per cent. to 30 per cent., (2) increase the rate of relief for transfers of tenanted agricultural land from 20 per cent. to 30 per cent., (3) extend the period over which tax may be paid by instalments from eight to 10 years and remove the facility to pay by half-yearly instalments, (4) remove the ceiling of £250,000 on the total value of transfers within one year of death to charities which is exempt, (5) remove the special rule under which persons becoming domiciled in the Channel Islands or the Isle of Man may be regarded as remaining domiciled in the United Kingdom for tax purposes, (6) clarify the rules about the incidence of tax on death when the will contains no directions and (7) amend the provisions relating to settled property.
§ Mr. RidleyI shall let the hon. Member have a reply as soon as possible.
§ Mr. Fieldasked the Chancellor of the Exchequer if he will list the net individual income effect on taxpayers 65W earning (a) two thirds average earnings, (b) average earnings, (c) twice, (d) three, (e) four, (f) five and (g) 10 times average earnings according to whether the taxpayer is (i) single, (ii) married and (iii) married with one, two, three, four or more children of his Budget proposal to change the customs and excise duty on tobacco.
§ Mr. Bruce-GardyneI shall let the hon. Member have a reply as soon as possible.
§ Mr. Fieldasked the Chancellor of the Exchequer if he will list the net individual income effect on taxpayers earning (a) two thirds average earnings, (b) average earnings, (c) twice, (d) three, (e) four, (f) five and (g) 10 times average earnings according to whether the taxpayer is (i) single, (ii) married and (iii) married with one, two, three, four or more children of his Budget proposal on the capital gains tax to (1) increase the annual exempt amount in line with the increase in the retail prices index so that for 1983–84 an individual will be exempt on the first £5,300, and most trusts on the first £2,650, of capital gains, (2) increase the limit on reliefs relating to the transfer of a business on retirement, (3) increase the limit on reliefs relating to the letting of residential accommodation and small part disposals of land, (4) extend the private residence relief to gains arising to a person required by the terms of his trade or profession to live in other accommodation, and abolish the small gifts exemption and the payment by instalment facilities, and (5) amend the rules relating to the value at which assets are deemed to be acquired from certain non-resident trusts.
§ Mr. RidleyI shall let the hon. Member have a reply as soon as possible.
§ Mr. Fieldasked the Chancellor of the Exchequer if he will list the net individual income effect on taxpayers earning (a) two thirds average earnings, (b) average earnings, (c) twice, (d) three, (e) four, (f) five and (g) 10 times average earnings according to whether the taxpayer is (i) single, (ii) married and (iii) married with one, two, three, four or more children of his Budget proposal to change the customs and excise duty on alcoholic drinks.
§ Mr. Bruce-GardyneI shall let the hon. Member have a reply as soon as possible.
§ Mr. Fieldasked the Chancellor of the Exchequer if he will list the net individual income effect on taxpayers earning (a) two thirds average earnings, (b) average earnings, (c) twice, (d) three, (e) four, (f) five and (g) 10 times average earnings according to whether the taxpayer is (i) single, (ii) married and (iii) married with one, two, three, four or more children of his Budget proposal to (1) increase the single person's allowance and the wife's maximum earned income relief from £1,565 to £1,785 and the married allowance from £2,445 to £2,795, (2) increase the basic rate limit to £14,600 and (3) increase the width of the 40 per cent. band to £2,600, of the 45 per cent. band to £4,600 and of the 50 per cent. and 55 per cent. bands to £7,100.
§ Mr. RidleyI shall let the hon. Member have a reply as soon as possible.