Written question asked by Lord Campbell-Savours (Labour) on Thursday, 24 June 1999, in the House of Commons. It was due for an answer on Tuesday, 29 June 1999. It was answered by Baroness Primarolo (Labour) on Tuesday, 29 June 1999 on behalf of the Treasury.

Treasury

Question: To ask Mr Chancellor of the Exchequer, on what basis statistics are compiled by his Department on the revenue raised in the case of (a) privately rented residential property and (b) privately rented commercial property.

Answer: Mr. Campbell-Savours: To ask the Chancellor of the Exchequer on what basis statistics are compiled by his Department on the revenue raised in the case of (a) privately rented residential property and (b) privately rented commercial property. [88815] Dawn Primarolo: Statistics on the income of companies and individuals from land and property, and the corporation tax and income tax arising from this income, are based on analyses of representative samples of tax returns. As these returns do not show a split of rent income by type of property, separate statistics on the tax revenue from privately rented residential and commercial property are not available. No statistics are available on capital gains tax, inheritance tax or stamp duties arising on rented property.

Secondary information

Type: Written question
Reference: 88815; 334 c140-1W
Session: 1998-99
Subjects: Corporation tax Buildings Income tax Property Rented housing Tax yields