§ Mr. Matthew TaylorTo ask the Chancellor of the Exchequer if he will estimate the net revenue yield over the next five financial years of reintroducing a system of indexation of capital gains from 6 April 2001 and simultaneously abolishing taper relief from the same date; and if he will make a statement. [130274]
§ Dawn Primarolo[holding answer 13 July 2000]: The net revenue yield from reintroducing indexation and abolishing taper is estimated to be £400 million for the first year, most of which would be received in the following year. Estimates thereafter are highly dependent on assumed growth in asset values.