HC Deb 23 July 1943 vol 391 c1231W
Sir W. Wayland

asked the Chancellor of the Exchequer whether, having regard to the fact that landed estate is valued for the purpose of Estate Duty on an estimated capital value based on the price a willing purchaser is likely to pay and not on the income produced, which is the basis of value in most other securities, he will consider granting the same rate of Estate Duty in respect of landed estate held through the medium of a company as pertains to land held personally where it can be shown that the holding company exists solely for the working and management of an agricultural estate?

Sir K. Wood

I fear I could not entertain my hon. Friend's proposal.