§ Mr. Lawsonasked the Chancellor of the Exchequer whether the tax exemption of transfers of historic houses under Schedule 6 to the Finance Bill covers every category of historic house at present exempt from estate duty; and, if not, what categories of historic house 233W are affected by the proposed capital transfer tax and in what way.
§ Mr. Joel BarnettUnder the provisions in the Finance Bill, a transfer of a historic house will be exempt from capital transfer tax if it is made to a body within paragraph 10 or 11 of Schedule 6 to the Bill. These exemptions are a little wider than the similar exemptions which apply for estate duty.