§ Mr. Anthony CoombsTo ask the Chancellor of the Exchequer what is the revenue yield from capital gains tax for the fiscal year ended April 1989; and what it was in the year ended April 1988.
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§ Mr. Norman Lamont[holding answer 22 May 1989]: Receipts from capital gains tax in the financial years 1987–88 and 1988–89 were respectively £1,379 million and £2,323 million. These figures exclude receipts from capital gains of companies and taxed within corporation tax.