§ Lord James Douglas-Hamiltonasked the Chancellor of the Exchequer whether, when heritage passes first to a legatee with a liferent interest and subsequently to the specific legatee, capital transfer tax is levied in Scotland separately on the liferent and on the specific legatee, or solely on the specific legatee.
§ Mr. Denzil DaviesI shall let the hon. Member have a reply as soon as possible.
§ Lord James Douglas-Hamiltonasked the Chancellor of the Exchequer if he will seek to amend the Finance Act 1975, Section 28(1), to clarify the law of Scotland on Inland Revenue charges and on payments to persons in whom property is vested and to make evident any contrast with estate duty so far as concerns liability to capital transfer tax on heritage of executors, liferenters and fiars, respectively.
§ Mr. Denzil DaviesI shall let the hon. Member have a reply as soon as possible.