Capital Gains Tax

HC Deb 17 July 1986 vol 101 cc609-10W

39. Mr. Hirst

asked the Chancellor of the Exchequer what are his latest estimates of the yield in 1986–87 in capital gains tax associated costs of collection; and if he will make a statement.

Mr. Norman Lamont

It is estimated that the yield from capital gains tax in 1986–87 will be £1,050 million and the estimated cost of collection at around £20 million.