§ 59. Mr. Denman
asked the Chancellor of the Exchequer whether valuations of land for death duties since March, 1939, have been based on values at that date; and what deductions have been made to eliminate floating value, shown by the Uthwatt Committee to be inappropriate to specific land.
§ Sir J. Anderson
The valuations of land for Estate Duty purposes have been based on the market value at the date of death, which is the basis prescribed by Section 7 (5) of the Finance Act, 1894.