HC Deb 23 May 1972 vol 837 c1202
5. Mr. Douglas

asked the Chancellor of the Exchequer what estimate the Treasury has made of the numbers who will be exempt from estate duty if the whole of the estate is left to the surviving spouse for the capital ranges £15,000, to £20,000, and £25,000 to £30,000, respectively.

Mr. Patrick Jenkin

About 4,000 and 1,500.

Mr. Douglas

Does the hon. Gentleman accept that the total cost of the remissions in estate duty is well over £60 million in one year? Will he contrast that with the penal reductions in social security benefits to people who have very small capital sums set aside, sums of less than £1,000? These people are left to try to live for one week on about £4.

Mr. Jenkin

I am not sure how far the sort of comparison to which the hon. Gentleman invites my attention is valid. I am certain that raising the threshold and giving the relief on estate duty to widows has been widely welcomed—and not only on this side of the House.

Forward to