§ Mr. PaiceTo ask the Chancellor of the Exchequer what was the total income to the Government from capital gains tax in the years(a) 1987–88, (b) 1988–89 and (c) 1989–90, estimated; and what is his estimate of the income forgone through the existence of rollover relief in each year.
§ Mr. LilleyReceipts of capital gains tax in financial years since 1987–88 have been as follows:
£ million 1987–88 1,379 1988–89 2,323 1989–90 12,000 1 forecast These figures exclude receipts from capital gains of companies taxed within corporation tax. I regret that an estimate of the total cost of rollover relief is not available.