§ Mr. Bruce-Gardyneasked the Chancellor of the Exchequer what would be the cost to the revenue in the first full financial year, and in each of the ensuing eight financial years of permitting the payment of death duties on the shares of unquoted companies to be deferred for one year after death and then spread over a period of up to eight years, the outstanding money due being subject to interest at 4 per cent.
§ Mr. Patrick JenkinThe estimated cost is as follows:
Year Cost £m. 1 … … … … 10 2 … … … … 15 3 … … … … 12 4 … … … … 10 5 … … … … 7 6 … … … … 4 7 … … … … 2 8 … … … … —