§ Mr. Grieveasked the Chancellor of the Exchequer what taxes are payable, whether by way of inheritance or succession or comparable duties on the death of a deceased person, where the whole estate devolves upon his descendants in the direct line, in Belgium, Denmark, France, Ireland, Italy, Luxembourg, the Netherlands and West Germany, respectively, on estates, respectively, of £20,000, £40,000, £50,000, £100,000, £200,000, £300,000, £500,000 and £1,000,000; and how the sums payable there compare with the duty payable on comparable estates in the same circumstances in the United Kingdom.
§ Mr. Robert SheldonFrom the sources readily available and on the assumptions described below I understand that the information requested is as follows: 229W
230W
Value of estate United Kingdom Belgium Denmark France Ireland Italy Luxembourg The Netherlands West Germany £ £ £ £ £ £ £ £ £ £20,000 500 603 1,372 Nil Nil 225 837 1,654 Nil £40,000 4,750 1,704 3,772 2,599 Nil 947 1,885 2,859 634 £50,000 7,750 2,404 4,989 4,599 Nil 1,447 2,733 5,498 1,275 £100,000 28,250 6,950 13,022 14,599 Nil 4,973 6,230 12,998 5,467 £200,000 84,750 22,106 33,022 34,599 12,500 16,936 14,477 29,636 16,029 £300,000 144,750 39,106 53,022 54,599 45,000 34,723 23,975 46,636 30,591 £500,000 264,750 73,106 93,022 94,599 137,500 81,134 39,975 80,636 52,591 £1,000,000 589,750 158,106 193,022 194,599 387,500 229,809 79,975 65,636 128,954 The figures assume that there have been no previous chargeable transfers and that the whole estate passes to one son aged 30 without children. The figures are based on the rates of exchange at 7th March 1977. Any local taxes have been left out of account.