Tax Allowances (Hansard, 30 March 1988)

HC Deb 30 March 1988 vol 130 c496W 496W

§ Mr. Barron
To ask the Chancellor of the Exchequer if he will estimate the yield in 1989–90 from reducing capital gains tax allowances to the level of personal allowances.

§ Mr. Norman Lamont
About £10 million. The levels of personal allowances substituted for the annual exempt amount as a basis for this reply are those proposed in chapter 4 of the Financial Statement and Budget Report 1988–89 (Cm. 361).