§ 90. Mr. Hileyasked the Chancellor of the Exchequer if he will consider introducing an Estate Duty savings scheme, 303W enabling an individual to purchase Estate Duty certificates of £100, £1,000, or other suitable denominations, the aggregate value of which in any particular case would be credited against the contingent liability to Estate Duty arising on his death, the sum so saved being itself exempt from Estate Duty, Capital Gains Tax and any other form of taxation and from aggregation.
§ Mr. Harold LeverI would refer the hon. Gentleman to the answer my right hon. Friend gave on 15th February.—[Vol. 758 c.417.]
§ Mr. Grieveasked the Chancellor of the Exchequer what is the estimated annual cost of exempting from Estate Duty the first £10,000 received by the surviving spouse and each child of a testator, on the basis that the representatives of a deceased child were also entitled to his £10,000 share free of duty.
§ Mr. Harold LeverThe annual loss, which would depend upon the extent to which wills were altered, could well exceed £100 million.