HC Deb 03 May 1934 vol 289 c467
30. Lord SCONE

asked the Chancellor of the Exchequer if he will state, for each of the last three financial years, the yield of Death Duties levied upon land of a purely agricultural nature?

Mr. CHAMBERLAIN

The Death Duties paid in respect of agricultural land are not recorded separately, but it is estimated that the Estate Duty paid in 1931–32 and in 1932–33 was £1,700,000 and £1,991,000 respectively. The figure for 1933–34 is not yet available. The annual receipt of Succession Duty is in the neighbourhood of £235,000 to £250,000.

Lord SCONE

While thanking my right hon. Friend for his reply, may I ask if he does not consider, in view of the comparatively small sum involved, that it would be a good thing, in the interests of preventing a further breakup of estates and the consequent reduction of employment, if this tax were abolished with regard to agricultural land?

Mr. CHAMBERLAIN

It would be a good thing if this and many other taxes were abolished.