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United Kingdom · Question · Written question

HL HL11953

Capital Gains Tax: Tax Allowances

answeredUnited Kingdom· UK Parliament· EN

Introduced

8 January 2021

Last action

20 January 2021 · Answer

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Answered

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Source updated

20 January 2021

Summary

To ask Her Majesty's Government whether they have estimated how much additional tax revenue would be raised by abolishing the Capital Gains tax-free allowance; and if so, how much additional such revenue they estimate would be raised.

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Timeline

  1. 8 January 2021

    Written question

    To ask Her Majesty's Government whether they have estimated how much additional tax revenue would be raised by abolishing the Capital Gains tax-free allowance; and if so, how much additional such revenue they estimate would be raised.

    Source: Lords

  2. 20 January 2021

    Answer

    HMRC do not currently publish an estimate for the cost of the Capital Gains Tax Annual Exempt Amount (AEA)[1]. A reliable estimate could only be made available at disproportionate cost. [1] The AEA appears in the “cost unavailable” table for the structura...

    Source: Written answer

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