§ Mr. Pardoe
asked the Chancellor of the Exchequer if he will estimate for the current tax year and for 1975–76 the revenue forgone by age exemption—married couples. and the percentage of this which is at higher rates of tax.
§ Mr. Robert Sheldon
The estimates for the cost of the married age allowance are £140 million for the current year and
Revenue forgone (£ million) Percentage at higher rates* 1975–76 1976–77† 1975–76 1976–77† Daughter's Service … … 10 10 2 2 Dependent Relative—Single Female … Dependent Relative—Other … … 24 25 2 2 * Relief in excess of relief at the basic rate. † Assuming the conditional and unconditional tax changes announced in the Budget.