Capital Gains Tax

HC Deb 08 May 1989 vol 152 c316W

Mr. Anthony Coombs

To ask the Chancellor of the Exchequer what is the current estimated income cost of the rebasing of capital gains tax to 1982 enacted in the Finance Act 1988.

Mr. Norman Lamont

[holding answer 24 April 1989]: Updated estimates of the effect on receipts in 1989–90 are reductions of £55 million for capital gains tax and £250 million for corporation tax.