§ Mr. N. MACLEANasked the Chancellor of the Exchequer whether he is satisfied that Death Duties are now paid upon estates whose owners have registered them as being owned by estate companies; and, if not, whether he is taking steps to stop this evasion of Death Duties?
§ Major ELLIOTAs the hon. Member is aware, legislation designed to check avoidance of Death Duties by the method to which he refers, was introduced in the Finance Act, 1930. The effect of that
1106Wmany, Holland, Italy, Norway, and Denmark?
§ Mr. P. SNOWDENAs regards Great Britain, the hon. Member will find the Income Tax payable in the tables recently issued in a White Paper—Command Paper 3954. I regret that I cannot furnish similar information in the case of the other countries mentioned.
§ Sir B. PETOasked the Financial Secretary to the Treasury the incidence of taxation under the Finance (No. 2) Act, 1931, under the heading of Income Tax, Surtax, and provision against Death Duties by insurance separately on incomes of £3,000, £5,000, £10,000, £20,000, and £50,000 per annum?
§ Major ELLIOTThe figures for incomes of £3,000 and £20,000, respectively, are shown in the following table. As regards the other incomes mentioned, I would refer my hon. Friend to the answer given by my right hon. Friend to the hon. Member for the Blackley Division (Mr. P. Oliver) on 14th September.
legislation is being carefully watched, and if an extension of those provisions is found to be necessary, there will be no hesitation in asking Parliament to deal with the matter.