§ 61. Mr. Wingfield Digbyasked the Chancellor of the Exchequer whether on deaths after 1965 Budget day the value of an estate for Estate Duty purposes will be assessed before or after charging any capital gains tax which is payable in addition.
§ Mr. CallaghanAs I made clear in my statement on 8th December, any capital gains tax paid at death will be deductible from the amount of the estate for Estate Duty purposes.