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.
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
22 July 2008 : Column 1387W
22 July 2008 : Column 1388W
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.
