§ 46. Mr. Liddall
asked the Chancellor of the Exchequer whether he will examine the feasibility of raising revenue by collecting at repeated intervals of 15 years a notional equivalent of Death Duties upon the real and personal property of non-trading corporate bodies whose possessions, not passing at death, are not subject to Death Duties and whose beneficiaries therefore escape direct or indirect Death Duties as a contribution towards national expenditure?
§ The Financial Secretary to the Treasury (Captain Crookshank)
I would remind my hon. Friend that bodies corporate or unincorporate not established for trade or business are already subject, where not specifically relieved, to Corporation Duty imposed by the Customs and Inland Revenue Act, 1885.