§ Mr. BayleyTo ask the Chancellor of the Exchequer if he will give for the latest available year for estates valued at over(a) £2 million, (b) £3 million, (c) £4 million,(d) £5 million and (e) £6 million, (i) the number of estates notified for probate, (ii) the inheritance tax raised and (iii) the value of exemptions. [40784]
§ Mr. Jack[holding answer 31 October 1995]: Provisional estimates for estates applying for grants of representation where death occurred in the financial year 1991–92, and where the net estate was valued at 2£ 262W million or over, are given. Figures for more recent years are not available.
1991–92 (i) Number of estates applying for grants of representations 217 (ii) Inheritance tax liabilities 140 £ million (iii) Total capital value of exemptions and reliefs1 £390 million 1 Including value of IHT threshold. A further breakdown of estates over £2 million cannot be reliably estimated and, in any case, the numbers involved may be too small to give adequate protection to the confidentiality of individual estates.