HC Deb 26 November 1959 vol 614 c550
31. Mr. Peyton

asked the Chancellor of the Exchequer if he will introduce legislation to provide, that death duties shall only be payable on funds which have been received by executors.

Sir E. Boyle

I am not quite clear what my hon. Friend has in mind, but I shall be glad to consider any points he cares to put to me.

Mr. Peyton

I shall be only too glad to make my point absolutely clear to my right hon. Friend. What I have in mind is a really deplorable and rather too literal example of the State having its cake and eating it. Will my right hon. Friend give me the assurance that, when I have made it absolutely clear, executors will not be called upon to pay death duties on funds which are not in their hands and over which they have no control?

Sir E. Boyle

I had better see the cake before commenting on it. If there is any case my hon. Friend would like to bring to my attention, I can assure him that I will consider it carefully.