NEW CLAUSE.—(Deduction of Amount Paid for Increment Value Duty from Value of Estate for Purposes of Estate Duty.)

HC Deb 30 September 1909 vol 11 cc1497-8

Where Increment Value Duty is to be collected on the occasion of the death of any person in respect of any land or interest in land comprised in the property passing on the death of that person, allowance shall be made in determining the value of the estate for the purposes of Estate Duty under Section seven of The Finance Act, 1894, for the amount of Increment Value Duty so to be collected as if it were a debt.

Clause read a second time, and added to the Bill.

Mr. LLOYD-GEORGE moved, after Clause 45, to insert the following:—