§ Mr. Austin Mitchellasked the Chancellor of the Exchequer whether he will publish in the Official Report a table showing for the most recent year for which figures are available, the revenue from capital gains tax and the amount collected on the disposal of (a) shares and (b) real property; and if he will give separate figures for the personal sector.
§ Mr. Norman LamontThe estimated receipts in 1986–87 are £1,050 million from capital gains tax and £650 million from tax on capital gains within corporation tax. Capital gains tax applies to gains realised by individuals and trusts and corporation tax to gains realised by companies.
Virtually all of the tax yield is derived from disposals of shares and real property, with 50 to 60 per cent. of the total from shares.