ESTATE DUTY

Press, Volume CVI, Issue 31277, 25 January 1967, Page 7

ESTATE DUTY

£lm Rise In 1965

Assessed estate duties rose by £500,000 to £10.3 million in 1965, according to figures issued by the Government Statistician. (Mr J. V. T. Baker). The number of estates passed for death duty, at 12,975, was 159 less than in 1964.

The net value of estates certified in 1965 was £95.5 million, an increase of £7.1 million on 1964.

The average net value of estates certified during 1965 was £7361. Estates of males averaged £8465 and estates of females £5736.

Duties assessed on estates of males amounted to £7.4 million and on estates of females £2.9 million. An increase of £25 million tn assessable company income in 1963-64 brought the total of assessable income to over £2OO million for the first time.

Increases in assessable income were recorded in all industrial groups during the year ended March 31, 1964, resulting in a 13.8 per cent increase in total assessable income compared with an 11.8 per cent increase in the previous year.

Advances to customers by stock and station agents at £60.6 million at September 30, 1966, were £2.3 million higher than they were a year earlier. Advances on current account (unsecured) stood at £35.1 million while other advances stood at £25.5 million. Customers’ credit balances amounted to £14.4 million compared with £14.1 million in 1964.