§ Mr. Nicholas Wintertonasked the Chancellor of the Exchequer if he will estimate the cost to the Exchequer of raising the relief from capital transfer tax of business assets to 100 per cent.; and how many businesses were liable for such tax in the last year for which figures are available.
§ Mr. MooreThe full year cost is estimated to be £20 million. It is estimated that in 1985–86, capital transfer tax will be paid on business assets included in some 150 discretionary trusts and 1,500 transfers on death. Information is not available upon which to base estimates of the number of lifetime transfers involving business assets.