HC Deb 04 May 1971 vol 816 cc316-7W
58. Mr. John Hall

asked the Chancellor of the Exchequer what is his estimate of the cost to the revenue of delaying payment of estate duty on that part of an estate left to a surviving spouse until such time as the survivor dies.

Mr. Patrick Jenkin

About £150 million.

59. Mr. John Hall

asked the Chancellor of the Exchequer what is his estimate of the cost to the revenue of exempting from estate duty the value of the family house left to the surviving spouse.

Mr. Patrick Jenkin

About £40 million for the first full year.

Mr. John Hall

asked the Chancellor of the Exchequer what is his estimate of the cost to the revenue of increasing the estate duty exemption limit to £15,000 and £20,000, respectively.

Mr. Patrick Jenkin

Nearly £20 million and about £45 million in addition to the cost of the budget proposal, assuming that the other change points on the scale of rates remained unaltered.