HC Deb 28 October 1909 vol 12 c1311W
Captain CLIVE

asked the Chancellor of the Exchequer whether, under the Finance Bill, a person succeeding under a will to a building estate will have to pay Death Duties on the full value of it, though he could only realise by sale the full value less the Increment Duty?

Mr. LLOYD-GEORGE

No, Sir. He will be allowed a deduction, from the full value of the property, of the amount of the Increment Value Duty paid.