HC Deb 09 November 2000 vol 356 cc342-3W
Mr. Matthew Taylor

To ask the Chancellor of the Exchequer, pursuant to his answer of 28 July 2000,Official Report, column 1016W, on capital gains indexation, if he will revise his estimate (a) giving yields for the next five financial years assuming that asset values are constant in real terms, and (b) giving yields for the next five financial years assuming that retirement relief is reintroduced at its previous level and asset values are constant in real terms. [136296]

Dawn Primarolo

Consistent with the assumptions of the March 2000 Budget forecast, the net revenue yield from re-introducing indexation and abolishing taper is estimated to be £400 million for the first year, or £350 million if retirement relief were reinstated also, most of which would be received in the following year. Further information in the form requested on the yield for subsequent years can be provided only at disproportionate cost.