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Estate Duty (Property In Lieu)

Volume 979: debated on Thursday 21 February 1980

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asked the Chancellor of the Exchequer whether, pursuant to his written answer to the hon. Member for Warley, East, Official Report, 12 February, column 601, relating to the exemption from any capital transfer tax charge on qualified heritage property accepted in satisfaction of tax, he will specify the statutory basis for the withholding from, or loss to, the tax debtor of any fraction or percentage of the relevant statutory exemption from capital transfer tax on those occasions when the Commissioners of Inland Revenue, in accepting exempted heritage property in lieu of such tax, are themselves according to law the acquiring body.