§ Mr. Ramsdenasked the Chancellor of the Exchequer if he will give details of the appeal machinery and the machinery for settling disputes between valuers of works of art over valuation for tax purposes; and on how many occasions in each of the last five years such machinery has been used.
§ Mr. MacDermotThe valuation of works of art for the purposes of assessment to Estate Duty is a matter for negotiation between the Estate Duty Office and the executors or other accountable persons; in the absence of agreement appeal may be made to the High Court under Section 10, Finance Act, 1894. Where
282Wtrading potential. Examples are public houses, hotels, cinemas, caravan parks, holiday camps, docks, markets, race tracks and wireless relay undertakings.