HC Deb 20 December 1985 vol 89 cc359-60W
Mr. Neil Hamilton

asked the Chancellor of the Exchequer if he will estimate the yield of capital gains tax in the current tax year were the indexation provisions to apply to chargeable gains relating to the period 1965 to 1982.

Mr. Moore

I regret that a precise estimate cannot be made. A large proportion of the yield of capital gains tax would be lost, possibly as much as two thirds of it.