§ 59. Sir H. Lucas-Tooth
asked the Chancellor of the Exchequer whether the amount due to a deceased person in respect of his unpaid postwar credits is brought into account for the purpose of Death Duties; and if so, what valuation is placed upon such credits.
§ The Financial Secretary to the Treasury (Mr. Glenvil Hall)
In the event of the taxpayer's death before the date fixed for payment of the postwar credit, the amount of the credit is exempted, by Section 7 (4) of the Finance Act, 1941, from Death Duties payable on his death.