HC Deb 28 November 1944 vol 404 c2428W
Mr. R. C. Morrison

asked the Financial Secretary to the Treasury what recent changes there have been in Customs and Excise methods of valuation of furniture for death duties; and to what extent the valuation is now based upon replacement prices.

Mr. Peake

The basis of valuation of property for Estate Duty purposes as prescribed by Section 7 (5) of the Finance Act, 1894, is the market value at the date of death. There has been no change in the method of valuing furniture.