§ Mr. Nicholas Wintertonasked the Chancellor of the Exchequer what is the average amount of capital transfer tax paid from the estates of farmers on the death of the farmer.
§ Mr. RidleyInformation is only available on estates for which probate has been obtained. The latest estimates for farmers relate to deaths in 1979 when there were some 6,000 estates of persons owning farmland or with an interest in a farming business or farming partnership. Two thirds of these paid no capital transfer tax; the remaining 2,000 paid an average of about £30,000 tax on the whole of their estate.