§ Mr. Hordernasked the Chancellor of the Exchequer if he will estimate the cost to the Exchequer of abolishing capital gains tax on (a) assets held before 1979 and (b) held for more than two years.
§ Mr. Moore[pursuant to his reply, 7 February 1985, c. 674]: I regret that precise estimates cannot be made but a very large proportion of the yield of capital gains tax would be lost—probably about three-quarters of it for (a) and even more for (b).