§ Mr. Knoxasked the Chancellor of the Exchequer if he will state the number of occasions on which, by concession, the Shares Valuation Division of the Estate Duty Office did not enforce an assessment under Section 55(1)(a) of the Finance Act 1940 (as amended) in each of the years 1950, 1960 and 1970 and for the latest available date.
§ Dr. GilbertIf Section 55 of the Finance Act 1940, as amended, applies, its provisions are enforced save only where the voting control of a company is temporary and fortuitous. No figures of these exceptional cases are available.
§ Mr. Knoxasked the Chancellor of the Exchequer what were the total number of assessments under Section 55(1)(a) of the Finance Act 1940, as amended, in each of the years 1950, 1960, and 1970 and the latest available figure.
§ Dr. GilbertThe numbers of agreements of value under Section 55 of the Finance Act 1940, as amended, are:
1950 Not available 1960 (Year to 31/12) 1,115 1971 (Year to 31/3) 1,361 1974 (Year to 31/3) 1,485