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Estate Duty And Capital Transfer Tax

Volume 959: debated on Thursday 30 November 1978

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asked the Chancellor of the Exchequer if any further objects have been accepted in lieu of estate duty or capital transfer tax.

Yes, a painting by Luca Giordano of"The Visit of the Virgin Mary to her Cousin Elizabeth"has been accepted in lieu of estate dutyAn announcement about its allocation will be made in due course by the Minister with special responsibility for the Arts after taking advice from the Standing Commission on Museums and Galleries.The total cost borne by the National Land Fund after allowing for relief from estate duty and capital gains tax is £5,960.