§ Mr. O'SHEEasked the Secretary to the Treasury whether only the fixed Death Duties of 50s. and 30s., respectively, are payable in case of estates which include farms purchased under the Land Purchase (Ireland) Acts, where no debts are deducted, but the redemption value of the annuity on the holding is deducted from the gross value of the holding ascertained in the manner prescribed by the Finance Acts?
§ Mr. HOBHOUSEOnly the fixed Death Duties of 30s. and 50s. respectively are payable in the case of estates which include farms purchased under the Land Pur-
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Spirits. Beer. Wine. Home-made. Imported. Total. Home-made. Imported. Total. £ £ £ £ £ £ £ August, 1907 … 1,330,000 270,000 1,600,000 1,228,000 2,000 1,230,000 74,000 August, 1908 … 1,244,000 233,000 1,477,000 1,255,000 2,000 1,257,000 65,000 August, 1909 … 1,075,000 188,000 1,263,000 1,128,000 2,000 1,130,000 62,000 chase (Ireland) Acts, where no debts are deducted, and where the redemption value of the annuity on the holding is not deducted from the gross value of the holding. If the gross value of the estate, including the redemption value of the annuity exceeds £500, advantage cannot be taken of the provision as to fixed duties, and the ad valorem duty remains payable; but if the net value of the estate (exclusive of property settled otherwise than by the will of the deceased), after deduction of debts and the redemption value of the annuity, does not exceed £1,000, the Estate Duty only is payable.