10. Estate Duty

Part of 3. Purchase Tax – in the House of Commons on 25th April 1944.

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Resolved: That such of the enactments relating to estate duty as provide for charging duty in respect of the assets of a company to which property has been transferred by a person, or at his request or with his consent or acquiescence, shall, in the case of such a person dying after the commencement of any Act of the present Session relating to finance, be amended as respects—

  1. (a) the computation of the extent to which the assets of the company are to be deemed to pass on his death;
  2. (b) the determination of the net income of of the company;
  3. (c) the prevention of duplication of the charge of duty; and
  4. (d) the rate of interest that is to be applied in making certain computations.—[Sir John Anderson.]