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Inheritance Tax

Treasury written question – answered on 16th May 2002.

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Photo of Paul Flynn Paul Flynn Labour, Newport West

To ask the Chancellor of the Exchequer

(1) what the total revenue received by the Exchequer was in inheritance tax in each of the past five years;

(2) how many people were liable for inheritance tax in each of the past five years; and what percentage of the population this represents.

Photo of Dawn Primarolo Dawn Primarolo Paymaster General (HM Treasury)

The figures are as follows:

UK inheritance tax receipts and number of taxpaying estates
Receipts (£ billion) Estates(11)(thousand)
1997–98 1.7 18
1998–99 1.8 18
1999–2000 2.0 21
2000–01 2.2 22
2001–02(12) 2.3 23

(11) Excludes about 2,000 taxpayers on lifetime transfers

(12) Provisional

The taxpaying estates represent about three to four in 10,000 of the UK population; or between 3 and 4 per cent. of deaths.

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