asked the Minister for Finance the amount collected in death and estate duties in the years 1970 to 1974 inclusive; and the amount collected in wealth tax in 1975 and 1976.
Written Answers. - Tax Revenue.
123.
The following is the relevant information:
|
Year |
Net receipt of Estate Duty and other death duties |
Net receipt of Wealth Tax |
|
£ |
£ |
|
|
1969-70 |
7,699,258 |
— |
|
1970-71 |
6,307,017 |
— |
|
1971-72 |
9,040,672 |
— |
|
1972-73 |
13,227,723 |
— |
|
1973-74 |
14,031,866 |
— |
|
1974 (9 months) |
11,547,458 |
— |
|
1975 |
13,538,400* |
3,672,411 |
|
1976 |
8,721,485* |
6,488,613 |
|
(provisional) |
(provisional) |
*While liability to estate duty and other death duties does not arise in respect of deaths occurring on or after 1st April 1975, duties are still collectible in respect of property passing on deaths occurring before that date.