§ MR. CARSON (Dublin University)
I beg to ask the Chancellor of the Exchequer whether, in determining the rate of Estate Duty to be paid by tenant purchasers in Ireland under the Land Purchase Acts, the value of tenant-right and the tenant's interest in the holding, together with his stock and other property, will be added to the interest acquired by the purchase of the landlord's interest under the said Acts?
§ THE CHANCELLOR OF THE EXCHEQUER (Sir W. HARCOURT,) Derby
The Estate Duty will be charged on the value of the holdings, including all the incidents which go to constitute such value, together with the stock and other property of the tenant.
§ MR. SEXTON
Can the right hon. Gentleman now say whether, in the case of a holding on which only a part of the capital money has been repaid, the duty will bo leviable on the whole sum?
* MR. GIBSON BOWLES
Surely the right hon. Gentleman can say whether the principal value does not include the whole value of the estate?