§ MR. CAINE (Barrow-in-Furness)
asked the First Lord of the Treasury, If the Treasury has ever received a payment of Succession Duty on the value of a public-house licence in the event of the death of the holder of such licence, and its continuance by the Licensing Authorities to the person inheriting the public-house property?
§ THE CHANCELLOR OF THE EXCHEQUER (Mr. GOSCHEN) (St. George's, Hanover Square)
My right hon. Friend has asked me to answer this Question. I am informed by the Revenue Authorities that in all cases of the freehold or lease of a public-house passing by death, the value at which it is assessed to Succession Duty, or to Probate and Succession Duty, is determined with reference to the fact of the premises being licensed, and in most cases appreciably enhanced by that fact.