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

Volume 389: debated on Thursday 13 May 1943

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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?