Estate Duty

HC Deb 27 July 1979 vol 971 c559W

Mr. Farr

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

Mr. Peter Rees

Yes. A collection of musical manuscripts covering the whole range of the works of the late Benjamin Britten—Lord Britten—has been accepted in lieu of capital transfer tax. The manuscripts have been allocated to the British Library which has made arrangements for their permanent loan to the Britten Pears library at Aldeburgh, Suffolk. The total cost borne by the national land fund after allowing for relief from capital transfer tax is £190,000.