Estate Duty (Objects in Lieu)

HC Deb 27 November 1978 vol 959 cc68-9W

Mr. Austin Mitchell

asked the Chancellor of the Exchequer if any further objects have been accepted in lieu of estate duty or capital transfer tax.

Mr. Denzil Davies:

Yes, a painting by Aert Van der Neer of a winter landscape at sunset has been accepted in lieu of estate duty. An announcement about its allocation will be made by the Minister with special responsibility for arts in due course after taking advice from the Standing Commission on Museums and Galleries.

The total cost borne by the National Land Fund after allowing for relief from estate duty and capital gains tax is £62,220.