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Post-War Credits

Volume 480: debated on Thursday 16 November 1950

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66.

asked the Chancellor of the Exchequer in view of the fact that post-war credits are not included in the estate of a deceased person for assessment of duty when the person dies before reaching the age at which repayment can be made, under what conditions such credits become liable to assessment; and what machinery is in existence for ensuring that credits not liable to assessment for many years are not lost sight of.

Post-war credits of persons who die before reaching the age at which repayment can be made are statutorily exempt from Estate Duty and are not, therefore, liable to assessment.