§ Mr. Nicholas BrownTo ask the Chancellor of the Exchequer if he will estimate the cost to the Exchequer in(a) 1992–93, (b) 1993–94 and (c) 1994–95 of raising the threshold for capital gains tax to £5,800.
639W
§ Mr. DorrellThe capital gains tax annual exempt amount was increased in 1992–93 to £5,800 in line with the statutory indexation formula. Therefore there was no cost to the Exchequer measured against an indexed base.