HC Deb 01 November 1995 vol 265 cc261-2W
Mr. Bayley

To ask the Chancellor of the Exchequer if he will give for the latest available year for estates valued at over(a) £2 million, (b) £3 million, (c) £4 million,(d) £5 million and (e) £6 million, (i) the number of estates notified for probate, (ii) the inheritance tax raised and (iii) the value of exemptions. [40784]

Mr. Jack

[holding answer 31 October 1995]: Provisional estimates for estates applying for grants of representation where death occurred in the financial year 1991–92, and where the net estate was valued at 2£ million or over, are given. Figures for more recent years are not available.

1991–92
(i) Number of estates applying for grants of representations 217
(ii) Inheritance tax liabilities 140 £ million
(iii) Total capital value of exemptions and reliefs1 £390 million
1 Including value of IHT threshold.

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.