§ Mr. Matthew TaylorTo ask the Chancellor of the Exchequer what estimate he has made of the revenue yield and cost of(a) increasing and (b) reducing the length of time that inheritance tax is chargeable on gifts made within seven years before death by one year. [142245]
§ Dawn PrimaroloIncreasing to eight years the period within which gifts are charged would yield about £10 million in a full year. Reducing it to six years would cost about £15 million in a full year.