§ Mr. Wrigglesworthasked the Chancellor of the Exchequer if he will publish tables to show the effective rates of tax for estates of various sizes (a) in March 289W 1974 and (b) March 1978, assuming that values have risen in line with the retail prices index, where half of the estate passes to the surviving spouse of the deceased and for similar estates where
TABLE 1 Effective rates applying where half the property passes to a surviving spouse Value of estates in March 1974 Effective rate of tax in March 1974 Assumed value of estate in March 1978 Effective rate of tax in March 1978 £ per cent. £ per cent. 15,000 — 28,000 — 20,000 — 37,400 — 30,000 — 56,100 0.5 40,000 6.9 74,800 2.3 50,000 12.0 93,500 4.2 60,000 16.3 112,200 5.9 80,000 23.4 149,600 8.8 100,000 29.0 186,900 11.1 150,000 38.8 280,500 15.6 200,000 45.0 374,000 19.0 500,000 59.9 934,500 25.6 1000,000 67.4 1,869,500 28.9 2,000 000 71.2 3,739,000 31.9
TABLE 2 Effective rates applying where halt the property passes to a surviving spouse and the other half, consisting of business property, passes to a son Value of estates in March 1974 Effective rate of tax in March 1974* Assumed value of estate in March 1978 Effective rate of tax in March 1978 £ per cent. £ per cent. 15,000 — 28 000 — 20,000 — 37,400 — 30,000 — 56,100 — 40,000 5.2 74,800 — 50,000 9.4 93,500 — 60,000 13.0 112,200 0.27 80,000 19.1 149,600 1.1 100,000 23.9 186,900 2.1 150,000 32.4 280,500 4.0 200,000 37.7 374,000 5.6 500,000 50.6 934,500 10.6 1,000,000 57.1 1,869,500 12.8 2,000,000 60.4 3,739,000 14.5 * It has been assumed that two-thirds of the business property would have qualified for the estate duty business relief.