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War Damage Payments (Death Duties)

Volume 387: debated on Tuesday 23 March 1943

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asked the Chancellor of the Exchequer whether agreed sums payable as war damage under the War Damage Act, either on account of property or chattels insurance, can be set off against the payment of Death Duties due on a deceased estate?

I assume that my hon. Friend refers to payments for war damage which are to be made, together with accrued interest, after the war. Such future payments cannot be regarded as available now for the discharge of Death Duties. The duty chargeable in respect of the war damage payment itself will not, however, be collected until the payment is received.