§ Sir David Priceasked the Chancellor of the Exchequer if he will estimate the change in revenue in a full year if capital gains tax and corporation tax on chargeable gains were repealed and replaced by a charge to income tax and corporation tax, respectively, on gains computed in a like manner, on assets disposed of within one year of acquisition.
§ Mr. Norman LamontRevenue from capital gains tax and from corporation tax on chargeable gains would be reduced by more than 90 per cent.