Skip to main content

Estate Duty (Wives' Savings, Co-Operative Societies)

Volume 389: debated on Thursday 13 May 1943

The text on this page has been created from Hansard archive content, it may contain typographical errors.

56.

asked the Chancellor of the Exchequer whether a wife's savings in a co-operative society are treated by the Inland Revenue Department as her property, and, in the event of her death, are subject to Death Duty as part of her estate?

I can only say that any property belonging to a wife forms part of her estate for purposes of Estate Duty.

Can the right hon. Gentleman reconcile the statement he has already made with the ruling which a judge has just given in the Oxford County Court to the effect that the savings of a wife in a co-operative society belong to her husband?