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Death Duties

Volume 103: debated on Monday 25 February 1918

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asked the Chancellor of the Exchequer what was the total amount of property assessed for Death Duties during the last financial year for which the figure is available; and how much of that amount consisted of estates of less than £1,000 in value?

The total amount of property on which Estate Duty was received in the year 1913–14—the last. financial year for which the figure is available—was £298,006,479, of which £21,142,978 consisted of estates not over £1,000 in value.

asked the Chancellor of the Exchequer what was the total amount of revenue obtained from the Death Duties during the year ended 31st March, 1917; how much of that amount came from Estate Duty; and how much in detail from the other Death Duties?

The amount of Death Duties paid into the Exchequer in the year ended 31st March, 1917, is shown on page 5 of the Report of the Commissioners of Inland Revenue for that year, divided approximately between the several heads as follows:

£
Estate Duty (including Settlement Estate Duty), Probate (and Inventory) Duty, Account Duty, and Temporary Estate Duty25,180,000
Legacy Duty5,060,000
Succession Duty950,000
Corporation Duty42,000
Total Estate, etc., Duties£31,232,000