HC Deb 18 May 1995 vol 260 c307W
Mr. Lidington

To ask the Chancellor of the Exchequer what would be the cost of making individual tax allowances transferable between spouses; and if he will make a statement. [24568]

Sir George Young

The full year revenue cost at 1995–96 income levels is estimated to be about £3 billion. This estimate does not take into account any behavioural change which could result from such a measure.