§ Mr. ColvinTo 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 JackThe 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.