HC Deb 25 November 1957 vol 578 cc90-1W
Sir J. Hutchison

asked the Chancellor of the Exchequer whether he will give an estimate of the extra revenue which is derived from the application of Section 55 of the Finance Act, 1940, as amended by Sections 29–30 of the Finance Act of 1954, and after allowing for the rebate for industrial property given by Section 28 of the same Act, compared with the Estate Duty which would have been collected if the normal principle of valuation had been applied, namely, the transfer price as between a willing buyer and a willing seller of those interests.

Mr. Powell

About £5 million.