§ Mr. LeighTo ask the Chancellor of the Exchequer what are the proceeds under inheritance tax from estates valued at(a) under £1 million, (b) £1 million to £10 million, (c) £10 million to £50 million and (d) over £50 million in the latest available year.
§ Sir George YoungEstimated liabilities for inheritance tax for estates passing on death in 1991–92, the latest year available, are given in the table:
Value of net estate, including lifetime transfers within seven years of death Liability1 £ million Under £1 million 790 £1 million to £2 million 150 Over £2 million 140 All estates 1,080 1 Provisional A further breakdown of estates over £2 million cannot be reliably estimated and, in any case, the numbers involved may be too small to give adequate protection to the confidentiality of individual estates.