HC Deb 27 March 1975 vol 889 c204W
Mr. David James

asked the Chancellor of the Exchequer what is the highest rate of estate duty/gift tax in the direct line of descent currently prevailing in each of the nine countries of the EEC; and what was the total annual yield at the last convenient date in each of the countries concerned.

Dr. Gilbert:

The information is:

(i) (ii)
Highest rate of estate duty/gift tax in direct line of descent Approximate sterling equivalent of yield 1972
Per cent. £ million
Belgium 17 46
Denmark 32 16
France 20 157
Germany 50 68
Ireland (Note 2) 55 13
Italy 31 94
Luxembourg 16 1
Netherlands 17 38
United Kingdom 75 463
(Note 3)


1. Yields for overseas countries are taken from Revenue statistics of OECD member countries 1965–72.

2. Substantial changes are proposed in Ireland in legislation now before the Dail.

3. Yield for fiscal year 1972–73; estimates yield 1975–76 £335 million.