HC Deb 31 March 1994 vol 240 c952W
Mr. Nicholas Brown

To ask the Chancellor of the Exchequer what is his estimate of the value of revenue from capital transfer taxes as a proportion of gross domestic product in(a) the United Kingdom and (b) each other OECD country for the latest year for which information is available.

Mr. Dorrell

United Kingdom capital transfer tax was replaced by inheritance tax for transfers on or after 18 March 1986. The table gives OECD data for all OECD countries for estate, inheritance and gift taxes, which broadly covers inheritance taxes, expressed as a proportion of GDP. The latest year for which complete information is available is 1991.

Country Estate, inheritance and gift taxes as a percentage of GDP
Australia 0.0
Austria 0.1
Belgium 0.0
Canada 0.0
Denmark 0.3
Finland 0.2
France 0.6
Germany 0.1
Greece 0.4
Iceland 0.1
Ireland 0.2
Italy 0.0
Japan 0.6
Luxembourg 0.2
Netherlands 0.2
New Zealand 0.1
Norway 0.1
Portugal 0.2
Spain 0.1
Sweden 0.1
Switzerland 0.3
Turkey 0.0
United Kingdom 0.2
United States 0.3

Source: Revenue Statistics for OECD countries 1965–1992.

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