Estate Duty (Feus)

HC Deb 23 May 1974 vol 874 c225W

Mr. Barry Henderson

asked the Chancellor of the Exchequer what has been the basis of valuation for death duty purposes of the ownership of feus during the past decade.

Dr. Gilbert

Feus are—and always have been—valued for estate duty purposes at their estimated open market value under Section 7(5) of the Finance Act 1894.