British Government May Tax Inheritances More Heavily
LONDON, April 13 (Rec 7.15 pm). -A hint thnt the Government may tax iinheritances more heavily was given today by Mr. D. Jay, Economic Secretary to the Treasury. Declaring that the distribution of property was still exceedingly unequal. he said that much of the spending seen in the West of London and elsewhere came from owners of inherited property living on their capital. At present the Government was “modestly” taking only about £175,000,000 a year in death duties out of total assessed estates of £650,000,000.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/WC19490414.2.41
Bibliographic details
Wanganui Chronicle, 14 April 1949, Page 5
Word Count
92British Government May Tax Inheritances More Heavily Wanganui Chronicle, 14 April 1949, Page 5
Using This Item
NZME is the copyright owner for the Wanganui Chronicle. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of NZME. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in