HC Deb 29 June 1960 vol 625 c135W
Mr. Powell

asked the Chancellor of the Exchequer whether the Commissioners of Inland Revenue will now simplify and expedite the procedure for revising certificates issued to trustees of settlements under Sections 44 (3) of the Finance Act, 1950, and 28 (7) of the Finance Act, 1958.

Sir E. Boyle

As I promised during the Committee stage of the Finance Bill, my right hon. Friend has been considering the procedure which is to be adopted for issuing revised certificates to trustees where the potential liability to Estate Duty is reduced by the operation of Clause 61 of the Finance Bill. All the trustees will have to do will be to fill up a simple form at the end of the appropriate period saying whether the life tenant has remained excluded from possession and enjoyment or other benefit and whether to the best of their knowledge any operations are in view by which he may secure a benefit. If they can give assurances on these points a revised certificate will be sent to them forthwith.