§ 75. Mr. J. Grimston
asked the Chancellor of the Exchequer why the Estate Duty Office, in assessing Death Duties, count as an asset of a deceased person's estate the full amount of his claim against the Central Land Board Fund of £300 million, but will not give an assurance that the appropriate Estate Duty will be refunded if the claim is not met in full.
§ Mr. Jay
Claims under Part VI of the Town and Country Planning Act, 1947, for loss of development value are regarded as property of which the amount or value is not known at the death. Under Section 6 (3) of the Finance Act, 1894, satisfaction of the duty is deferred until the amount is known.