§ Mr. Frank Fieldasked the Chancellor of the Exchequer what was the revenue gained from (a) capital transfer tax and (b) capital gains tax for each year since 1979 and the total gained in revenue for both these taxes over this period of time, in real and cash terms.
§ Mr. Moore[pursuant to his reply, 21 April 1986, c. 38]: Estimates of liabilities to capital transfer tax on transfers, and capital gains tax on disposals, in each year are as follows:
Year of transfer/disposal Capital transfer tax Capital gains tax Total £ million £ million at current prices £ million at 1985–86 prices† £ million 1978–79 380 480 860 1,630 1979–80 530 580 1,110 1,800 1980–81 520 670 1,190 1,620 1981–82 630 680 1,310 1,620 1982–83 620 690 1,310 1,520 1983–84 750 *820 1,570 1,740 1984–85 *820 *990 1,810 1,920 1985–86 *910 *1,110 2,020 2,020 * Provisional estimates. † The conversion to 1985–86 prices uses the GDP deflator.