§ 44. Mr. Kimballasked the Chancellor of the Exchequer if he is aware of the Estate Duty anomaly that arises in the case of estates and trusts that for exchange control purposes are resident outside the Scheduled Territories, but which have dollar assets subject to English Estate Duty; why he refuses to allow the United Kingdom beneficiaries to obtain the benefit of the investment dollar premium, if the assets are distributed after 7th April, 1965; and if he is aware that the Estate Duty office contend that if the date of death was prior to 7th April, 1965, the premium should be included in valuations.
§ Mr. MacDermotI am aware of the general Estate Duty rule in the matter,42W but I shall be glad to consider any case of hardship which the hon. Member may care to send me.