HC Deb 25 April 1996 vol 276 c233W
Mr. Colvin

To ask the Chancellor of the Exchequer what have been the total receipts form(a) capital gains tax and (b) capital transfer tax for the last five financial years for which figures are available. [22992]

Mr. Michael Jack

The information requested is given in the table which follows. Inheritance tax replaced capital transfer tax in 1996.

£ million
Capital gains tax1 Inheritance tax
1990–91 1,852 1,262
1991–92 1,140 1,299
1992–93 982 1,211
1993–94 710 1,333
1994–95 925 1,411
1995–96 (provisional estimate) 800 1,550
1 Capital gains made by companies, including the gains of insurance companies attributable to policy holders, are chargeable to corporation tax and excluded from, the figures above.

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