Richard Burgon
Main Page: Richard Burgon (Independent - Leeds East)Department Debates - View all Richard Burgon's debates with the Leader of the House
(2 years, 3 months ago)
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Richard Burgon (Leeds East) (Lab)
A 1993 rule introduced by the then Government said that inheritance tax does not have to be paid on the transfer of assets from one sovereign to another. At the time, the then Leader of the Opposition, the late John Smith, asked:
“although it is accepted that assets held by the Queen as sovereign should not be liable to inheritance tax, will the Prime Minister explain why all private assets passing from one sovereign to the next should also be exempt?”—[Official Report, 11 February 1993; Vol. 218, c. 1114.]
This remains a legitimate question, so would the Leader of the House allow time for discussion on this matter?
Penny Mordaunt
If the hon. Gentleman would like to write to me with the specifics of what he is concerned about, I would be happy to find the best way that we could raise this as an issue and give him some certainty, so that he can apply for a debate.