Written question asked by Lord Wakeham (Conservative), in the House of Lords. It was answered by Lord Davies of Oldham (Labour) on Monday, 18 February 2008.
Taxation: Capital Gains Tax
- Question
- asked Her Majesty's Government:Whether they will publish the calculations by which the Chancellor of the Exchequer, in his Statement on 24 January, estimated that his capital gains tax proposal would cost around £200 million a year.
- Answer
-
The costs of changes to the capital gains tax regime are estimated on the basis of self-assessment data from previous years, detailed gains computations submitted with self-assessment returns and standard assumptions about macroeconomic indicators. Estimates also take account of likely changes to taxpayer behaviour and are subject to a degree of uncertainty. The Exchequer impact of the proposal will be scored in the usual way at the Budget.
Secondary information
- Type
- Written question
- Reference
- 1645; 699 c26WA
- Session
- 2007-08
- Related items
- Subjects
- Capital gains tax Costs Reform
- Link
- View this Written question on www.publications.parliament.uk
Librarians' tools
- Timestamp
- 2013-11-25 12:25:26 +0000
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- http://data.parliament.uk/pimsdata/Hansard/PARLIAMENTARY_QUESTION_1301238
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