§ Matthew TaylorTo ask the Chancellor of the Exchequer, pursuant to his answer of 2 May 2002,Official Report, column 933W, on projected revenues, what proportion of the change in forecast capital receipts is due to the maturing of capital gains tax taper relief; and if he will make a statement. [60395]
§ Dawn PrimaroloTable C7 of the Financial Statement and Budget Report shows capital gains tax receipts are forecast to fall from £2.9 billion in 2001–02 to £1.8 billion in 2002–03. Around 20 per cent. of this forecast reduction in receipts is attributable to the maturing of capital gains tax taper relief.