HC Deb 20 July 1926 vol 198 c1042
51. Mr. JACOB

asked the Chancellor of the Exchequer whether national savings certificates are accepted in payment of death duties and estate and legacy duties; if so, on what terms; and what is the method of valuation?


National savings certificates, as such, are not accepted in payment of death duties. Arrangements have, however, been made under which, at the request of the executors of a deceased person, the Post Office will transfer to the Commissioners of Inland Revenue before probate the value of the certificates belonging to the deceased, or a sufficient part thereof, in payment of the estate duty. The value adopted is the surrender value of the certificates at the date of transfer.

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