Major BARNESasked the Chancellor of the Exchequer what is the amount and value of land surrendered in payment of Death Duties under the Finance Acts of 1909–10 in respect of each year since that date?
§ Sir R. HORNEActing in accordance with the recommendations of the Committee appointed in 1911, to consider the lines on which Section 56 of the Finance (1909–40) Act, 1910, should be administered, the Commissioners of Inland Revenue do not accept real (including leasehold) property in satisfaction of Death Duties, but act as intermediaries for its transfer to some other public department or authority who might desire to purchase it. Particulars of real estate dealt with under this arrangement are as follows:—
Year. Description. Purchaser. Price. One Estate. 1913 1 acre, 2 roods, 2 poles of land. County Council. £193 10s. 1914 School houses and yards. County Council. £2,138 1915 Four Houses G.P.O. £5,000