§ Mr. Dorrellasked the Chancellor of the Duchy of Lancaster whether any further items have been accepted in lieu of estate duty or capital transfer tax under the National Heritage Act 1980.
§ Mr. St. John-StevasYes. The following five paintings have been accepted in lieu of capital transfer tax:
They have been allocated to the Ashmolean museum, Oxford.
- Landscape by Cézanne
- Fruit by Cézanne
- Basket with Fruit by Manet
- Déjeuner sur L'Herbe by Manet
- La Meuse by Monet
The net cost, representing the amount of tax forgone, was £131,000 which was borne equally on the Votes of my Department and the Department of the Environment.