asked the Chancellor of the Exchequer whether he will now publish his proposed reduced scale of rates of capital transfer tax on lifetime gifts.

Yes. I propose that the scale should be as follows:

Slice of chargeable transfers-£000	Rate on slice Percentage
0– 15	—
15– 20	5
20– 25	7½
25– 30	10
30– 40	12½
40– 50	15
50– 60	17½
60– 80	20
80– 100	22½
100– 120	27½
120– 150	35
150– 200	42½
200– 250	50
250– 300	55
300– 500	60
500–1,000	65
1,000–2,000	70
2,000+	75

Where a gift is made within three years of the death of the donor the tax charged will be increased to that appropriate to a transfer on death.