HC Deb 20 June 1975 vol 893 c556W
Lord James Douglas-Hamilton

asked the Chancellor of the Exchequer when capital transfer tax is payable on a testator's estate, if legal rights, being a debt on the estate, will be deductible before tax is assessed at all; and, if legal right is a chargeable item, on what portion tax will he assessed, since under estate duty rules such claims were calculated after payment of duty.

Mr. Robert Sheldon

I will let the hon. Member have a reply as soon as possible.