HC Deb 11 February 1971 vol 811 cc248-9W
Mr. Meacher

asked the Chancellor of the Exchequer, on the basis of a 1 per cent. levy on all capital holdings in private hands in excess of £50,000, if he will estimate the property charge; and what proportion of the total property charge would consist of settled property.

Mr. Patrick Jenkin

If the charge were spread evenly over the total capital holding, the portion attributable to realty and leaseholds would be about £30 million. It is not known how much of it would relate to settled property.