HC Deb 07 December 1987 vol 124 cc68-9W
Mr. Bright

To ask the Chancellor of the Exchequer if he will publish a table showing how much tax revenue was collected in capital gains tax(a) from gains on quoted shares, (b) from gains on unquoted shares, and (c) from other gains in the financial year 1986–87; and what the corresponding costs of collection were.

Mr. Norman Lamont

A little over £1 billion was collected in capital gains tax in 1986–87. It is estimated that 40 to 50 per cent. was derived from ordinary shares quoted on the United Kingdom stock exchange, about 20 per cent. from other shares and securities, and the rest from other property. Corporation tax receipts in 1986–87 from companies gains are estimated at £650 million. I regret that a breakdown by type of gain is not available.

The cost of collecting capital gains tax in 1985–86 is estimated at 1.7 per cent. of the yield.