Estate Duty (Probate Exemption)

HC Deb 12 June 1975 vol 893 cc239-40W

Mr. Ron Thomas

asked the Chancellor of the Exchequer whether he is now able to announce the result of the review of the £500 limit, set by the Administration of Estates (Small Payments) Act 1965, on sums which may be paid or distributed on death without probate or other proof of title.

Mr. Robert Sheldon

The Government propose, subject to parliamentary approval, to increase the limit to £1,500. The necessary statutory instrument is being laid before Parliament today.