§ Denzil DaviesTo ask the Chancellor of the Exchequer what estimate he has made of the total yield in a full year of imposing capital gains tax at present rates on the disposal by individuals of their only or main residences. [119369]
§ Dawn PrimaroloThe latest estimated costs of exempting gains arising on disposal of a main or only residence were given in Chapter A of Budget 2003.These costs are not the same as the yield from abolition of the relief as consequential effects on the housing market would substantially reduce the yield. Reliable estimates of the yield from imposing capital gains tax at present rates on the disposal by individuals of their only or main residences are available only at disproportionate cost.