§ Colonel BAGOTasked whether, seeing that Super-tax is leviable on moneys paid to Government as Succession Duty, he will explain why this tax is levied on moneys which have never been received?
§ Mr. LLOYD GEORGEThe liability to Super-tax depends on the extent of the total income of the person to be charged, estimated in the same manner as for exemptions and abatements under the Income Tax Acts. Succession Duty is a capital charge not admissible as a deduction in arriving at the amount of such income.