§ MR. BILL (Staffordshire, Leek)I beg to ask the Chancellor of the Exchequer whether the Estate Duty, to be levied under Clause 2 of the Finance Bill, on property situated out of the United Kingdom, will be levied on the full capital value of such property as it exists, before, or after it has been subjected to the payment of Death Duties in the country or colony in which it is situated?
§ SIR W. HARCOURTLegacy or Succession Duty is not now payable on the sum required for the payment of Death Duties in any foreign country or colony, and as Clause 2 of the Finance Bill only requires—
Such property when situate out of the United Kingdom to be included if it is liable to Legacy or Sucession Duty,it follows that the amount to be included is the amount of the foreign property less the sum paid for Death Duties in the foreign country or colony.