§ Sir A. Somervilleasked the Chancellor of the Exchequer whether he will, during the current financial year, contrive a method by which to take back into the Death Duty taxation area the holdings of real estate and of National Debt securities increasingly acquired by non-trading corporate bodies and sectional organisations which escape taxation for Death Duties by reason of undying ownership?
§ Sir K. WoodAs my hon. Friend will appreciate the basis of the charge to Death Duties is the passing of property on the death of individuals and no such occasion for duty exists in the case of companies.