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Death Duties

Volume 462: debated on Tuesday 1 March 1949

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38.

asked the Chancellor of the Exchequer whether he will issue a classification of the number of estates and net receipts of Death Duties and the net capital values for such estates for any convenient year since 1944.

A classification of numbers of estates and net capital values for the year 1946–47 appears in the 90th Report of the Commissioners of Inland Revenue; a similar classification for the year 1947–48 will appear in the forthcoming Report. The total receipt of death duties in each estate range is not separately recorded.

have been computed on both bases, and are shown below for comparison.

It is not clear which changes in the value of the pound my hon. Friend has in mind, but the following table shows the purchasing power of net "invisible" earnings in terms of the imports that these would have bought in the years in question. Indices of the average value of imports have been applied to the estimated net "invisible" receipts or payments, taking 1938 as the base. If Government overseas expenditure were not taken into account in 1946 and 1947, figures would be +60 and +10, respectively.