HC Deb 29 March 1926 vol 193 cc1679-82W
Colonel DAY

asked the Chancellor of the Exchequer what was the number of estates exceeding in value £100,000, £200,000, £300,000, £400,000, £500,000, £600,000, £700,000, and £1,000,000 respectively on which death duties were paid during the 12 months ending 31st December, 1925, and whether he will state the amounts left for purposes of the public weal?

Class of Estate. Number of Estates liable to Duty. Net Capital values upon which Estate Duty was paid. Net receipt of Estate Duty.
Thousand £. Thousand £.
Not exceeding £,1000 … … 67,918 29,804 414
£l,000–£10,000 … … 31,576 115,826 3,919
£10,000–£100,000 … … 6,022 179,166 15,283
£100,000–£1,000,000 … … 418 109,216 21,656
Exceeding £1,000,000 … … 13 27,123 9,257
Totals … … 105,947 461,135 50,529

Mr. McNEILL

The following table shows the numbers of estates in certain ranges of net capital value upon which Estate Duty was paid in the year ended the 31st December, 1925:

Net Capital Value of Estate. No. of Estates.
Exceeding. Not exceeding.
£ £
100,000 200,000 262
200,000 300,000 76
300,000 400,000 16
400,000 500,000 14
500,000 600,000 14
600,000 800,000 5
800,000 1,000,000 7
1,000,000 — 7
As to the second part of the question, I know of no exact definition of purposes of the public weal, and no information bearing on the question is available.

Mr. DALTON

asked the Chancellor of the Exchequer whether he will state for 1920–21, and each subsequent year, the number and the total value of estates passing at death in Great Britain in each of the following classes, and the total death duty revenue received in respect of each: estates worth less than £1,000, estates between £1,000 and £10,000, estates between £10,000 and £100,000, estates between £100,000 and £1,000,000, and estates over £1,000,000?

Mr. McNEILL

I would refer the hon. Member to the Estate Duty statistics contained in the 64th, 65th, 66th and 67th Reports of the Commissioners of Inland Revenue, which contain the desired information for the years 1920–21 to 1923–24 inclusive. For the year 1924–25 the figures are as follow:

Lieut.-Colonel V. HENDERSON

asked the Financial Secretary to the Treasury the total yield of the Death Duties to the Exchequer since they were placed on their present basis in 1894; and their yield for each of the last 10 years, including, in both cases, an approximate figure for 1935–26?

Mr. McNEILL

The total yield of all death duties to the Exchequer from the year 1894–95 to the present day (including estimated figures for 1925–26) is approximately £852,550,000. The Exchequer receipt for the last 10 years has been as follows:

£
1916–17 … … … 31,232,000
1917–18 … … … 31,674,000
1918–19 … … … 30,262,000
1919–20 … … … 40,904,000
1920–21 … … … 47,729,000
1921–22 … … … 52,191,000
1922–23 … … … 56,871,000
1923–34 … … … 57,800,000
1924–25 … … … 59,450,000
1925–26 … (approx.) 61,000,000

(From 1922–23 onwards the figures relate to Great Britain only.)