HC Deb 12 April 1972 vol 834 cc201-2W
Mr. Money

asked the Chancellor of the Exchequer whether his proposals regarding exemption from estate duty will extend to the National Art-Collections Fund.

Mr. Nott

I understand that the National Art-Collections Fund is a charity, which will qualify for estate duty relief under Clause 112 of the Finance Bill on property up to £50,000.

Mr. Money

asked the Chancellor of the Exchequer whether his proposals regarding exemption from estate duty will extend to the Soane Museum, the Dulwich Gallery, the Kenwood Bequest and the Thomas Coram Foundation Gallery.

Mr. Nott

I understand that these four bodies are charities which will qualify under Clause 112 of the Finance Bill for the new estate duty relief on property up to £50,000. If, when the Bill becomes law, any one of them claims that it is within Schedule 25, so as to qualify for estate duty relief without limit, the claim will be considered.