§ Mr. Stevens
asked the Chancellor of the Exchequer whether he will make a statement about the Estate Duty concession for owner-occupied houses, under which in certain circumstances duty is not charged on the increase in the market value above the pre-war value in so far as that increase could only be realised by a sale with vacant possession.
Yes. The war-time conditions which this concession was designed to meet no longer obtain and in current circumstances there are very seldom grounds for its application. It will accordingly not apply in the case of any death occurring after today.