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National Heritage Land

Volume 199: debated on Tuesday 19 November 1991

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To ask the Chancellor of the Exchequer what arrangements are imposed upon a landowner for the payment of tax if the agreement for inheritance tax exemptions on national heritage land of outstanding scenic, historic or scientific interest has been broken; and if he will make a statement.

If a landowner breaks an undertaking given in respect of conditionally exempt land, inheritance tax is chargeable on the current value of the property.