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22 July 2008 : Column 1386W—continued


Treasury

Assets

Mr. Hoban: To ask the Chancellor of the Exchequer what were (a) the number of disposals, (b) the disposal values, (c) the chargeable gains net of in-year losses before the deduction of taper relief and (d) the chargeable gains net of both in-year losses and the deduction of taper relief were for assets held up to (i) six months, (ii) one year, (iii) two years, (iv) three years, (v) four years, (vi) five years, (vii) 10 years and (viii) over 10 years for (A) business assets and (B) non-business assets in each year since 1997. [162981]

Jane Kennedy: The following table provides a breakdown of disposals and chargeable gains. This does not include information for assets that changed type or where disposals resulted in a capital loss. Figures for earlier years are available only at disproportionate cost.


22 July 2008 : Column 1387W

22 July 2008 : Column 1388W
Numbers (thousand), amounts (£ million)
Business assets Non business assets
Range of holding period Disposal numbers Disposal value Chargeable gains( 1) Tapered gains( 2) Disposal numbers Disposal value Chargeable gains( 1) Tapered gains( 2)

2002-03

Up to 6 months

2

73

37

23

28

978

140

92

6 months 1 year

1

63

48

40

14

721

119

106

1 to 2 years

5

532

413

179

18

1,032

229

202

2 to 3 years

4

1,075

813

202

18

988

325

287

3 to 4 years

4

795

592

147

15

846

281

235

4 to 5 years

11

2,928

2,343

582

36

1,061

397

306

5 to 10 years

10

2,807

2,155

534

60

2,757

965

755

Over 10 years

16

6,765

5,504

1,380

61

3,327

1,645

1,188

Unknown

(3)

171

169

42

18

689

212

173

All

53

15,208

12,075

3,129

268

12,400

4,314

3,346

2003-04

Up to 6 months

2

157

73

43

62

1,885

211

150

6 months 1 year

2

69

35

22

38

6,846

186

153

1 to 2 years

4

395

236

104

36

1,585

290

236

2 to 3 years

8

1,270

1,048

259

20

905

295

269

3 to 4 years

5

1,012

841

207

18

737

293

251

4 to 5 years

5

879

645

160

13

626

258

210

5 to 10 years

20

3,218

2,678

678

65

3,371

1,518

1,136

Over 10 years

14

5,894

4,927

1,214

88

4,324

1,954

1,439

Unknown

2

423

355

92

40

1,401

428

327

All

62

13,317

10,837

2,780

379

21.680

5,432

4,172

2004-05

Up to 6 months

3

216

87

52

54

2,220

268

188

6 months 1 year

5

134

50

33

43

1,233

236

198

1 to 2 years

12

446

278

135

59

2,313

490

396

2 to 3 years

14

1,459

1,198

300

35

1,533

399

339

3 to 4 years

13

1,715

1,373

338

23

918

350

282

4 to 5 years

10

1,101

860

215

16

771

289

229

5 to 10 years

24

6,222

4,750

1,185

96

4,157

1,924

1,383

Over 10 years

17

7,467

5,441

1,343

73

3,655

2,262

1,567

Unknown

4

704

645

163

50

2,622

645

525

All

102

19,464

14,683

3,764

449

19,422

6,863

5,105

(1) Net of in-year losses but before deducting taper relief.
(2) Tapered gains are after the deduction of all losses and taper relief.
(3 )Neg.

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