HC Deb 09 February 1978 vol 943 cc661-2W
Mr. Arthur Lewis

asked the Chancellor of the Exchequer, in view of the fact that output and productivity have stopped expanding and that there has been a massive increase in imports of manufactured goods, how this will affect the unemployment situation; and when he

31st March 1974
£ Per cent.
Lifetime Gift 52,625 (15)
Death 113,575 (32)*

30th November 1977
£ Per cent.
Lifetime Gift 66,500 (13)
Death 102,900 (21)
*Estate duty; capital transfer tax did not apply to deaths in March 1974.

It is assumed that agricultural and business reliefs apply; that the farm is the only asset being transferred and there have been no previous transfers; that the donee bears the tax on the lifetime gifts and that for the November 1977 transfers the rates etc., proposed in the economic statement in October are in force.

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