§ 44. Mr. RILEYasked the Chancellor of the Exchequer the loss to the Exchequer for the financial years 1926–27 and 1927–8 due to agricultural property-being assessed for Estate Duty on the rate provided in the Finance Act, 1919, instead of the current rates for 1926–27 and 1927–8, respectively.
§ The FINANCIAL SECRETARY to the TREASURY (Mr. Arthur Michael Samuel)It is estimated that the relief from Estate Duty granted by the Finance Act of 1925 in favour of agricultural property amounted to £144,000 in 1926 and to £237,000 in 1927.
§ Mr. RILEYIs the right hon. Gentleman also aware that on an agricultural estate of £100,000 it means £6,000, as against a non-agricultural estate, and whether, in view of the remission which next year will be given of £4,500,000 additional, he is prepared to recommend the withdrawal of this special advantage?