Estate Duty (Property Acquisitions)

HC Deb 12 May 1967 vol 746 c314W

Mr. Maclennan

asked the Chancellor of the Exchequer if he will make a statement about recent acquisitions of property in lieu of Estate Duty.

Mr. MacDermot

The estate of Torridon, Wester Ross, has been offered to Inland Revenue in part satisfaction of Estate Duty payable on the death of the fourth Earl of Lovelace.

The offer, which does not include Torridon House and the adjoining woodlands, has been accepted at a cost to the National Land Fund of £22,500, and some 14,100 acres of mountainous country bordering the northern shore of Loch Torridon in an area of outstanding beauty adjoining the Nature Conservancy property of Beinn Eighe is being transferred to the National Trust for Scotland to hold for the use and enjoyment of the public.