§ 35. Mrs. Thatcherasked the Chancellor of the Exchequer what steps he proposes to take to modify the practice, recently drawn to his attention by the hon. Member for Finchley, whereby the matrimonial home is valued for Estate Duty purposes at the amount it could be expected to command on the assumption that planning permission could be obtained to replace it with a small block of flats, although no such application has been made and the widow continues to reside there.
§ Mr. MacDermotNone. In this as in other cases property is valued for Estate Duty purposes at what it would fetch on a sale in the open market.