Property in Lieu of Tax

HC Deb 06 March 1986 vol 93 c280W

Mr. Franks

asked the Secretary of State for the Environment whether any further property has been accepted in lieu of estate duty or capital transfer tax.

Mr. Kenneth Baker

Yes. Two sites have recently been accepted under these arrangements. One hundred and five acres at Coldharbour common, Dorking—in one of the most outstanding areas of the Surrey hills area of outstanding natural beauty—have been accepted and transferred to the National Trust.

In addition, 41 acres of woodland at Pond Wood, Buckinghamshire, within the Chilterns AONB, have been accepted and transferred to the Chequers estate.

The net cost was £61,500 (£12,500 for Coldharbour common and £49,000 for Pond Wood) and this was borne equally on the vote of my Department and that of the Office of Arts and Libraries.