HC Deb 28 October 1909 vol 12 c1175
Mr. PATRICK WHITE

asked the Chancellor of the Exchequer whether, under Section 61 of the Finance Bill, in the event of a person dying leaving chattel property valued at £300 and land purchased under the Land Acts valued, under Sub-section 5 of Section 7 of the principal Act, subject to the loan, at £250, but the market value of which was estimated at £800, he will state if the duty would have to be paid on £550 or £1,100?

Mr. HOBHOUSE

Upon the facts stated, the duty would be payable on £550.