HC Deb 27 May 1976 vol 912 c326W
Mr. Charles Morrison

asked the Chancellor of the Exchequer whether a succeeding tenant, under the provisions of Part II of the Agriculture (Miscellaneous Provisions) Bill, will be liable to capital transfer tax on inheriting a tenancy.

Mr. Denzil Davies

The right given by the Agriculture (Miscellaneous Provisions) Bill to certain relatives of a deceased agricultural tenant in England and Wales to apply to the Agricultural Land Tribunal for a fresh tenancy will not result in increased liability to capital transfer tax on the estate of the deceased tenant. The Bill does not give a tenant the right to bequeath his tenancy; it merely directs the tribunal to take into account in making its decision any valid wishes the tenant may have indicated in his will regarding succession to the tenancy.