§ 41. Mr. Bulmer
asked the Chancellor of the Exchequer whether in the light of recent experience over Calke abbey, he will examine the case for allowing a maintenance fund to be set up on the death of a life tenant.
§ Mr. Moore
The reliefs from capital transfer tax when property becomes comprised in a maintenance fund can already apply to remove the charge to tax which arises on the death of a life tenant. If my hon. Friend is suggesting changes to the law of trusts rather than to tax law, that is a matter for my noble and learned Friend the Lord Chancellor.