§ 9. Mr. David Jamesasked the Chancellor of the Exchequer what effect he estimates the gift tax will have on the size of family farm holdings over the next 10 years.
§ Dr. GilbertThe rates of the tax are lower than were those of the estate duty and the Finance Bill provides a generous measure of relief for working farmers. The new tax is, therefore, unlikely to affect the size of family farm holdings.