HC Deb 19 May 1981 vol 5 c57W
Mr. Maclennan

asked the Chancellor of the Exchequer if he will seek to ensure that succession to a tenancy of agricultural property in Scotland for agricultural purposes shall not be a transfer of value unless it occurs for consideration in money or moneys' worth, when the amount of such consideration shall be charged as capital transfer tax as an asset on the estate of the deceased.

Mr. Peter Rees

[pursuant to his reply, 11 May 1981, c. 189]: No. Where a tenancy can be bequeathed as part of an estate I see no reason why the normal capital transfer tax consequences should not follow.