Sue Hayman – 2016 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Sue Hayman on 2016-02-29.

To ask Mr Chancellor of the Exchequer, whether death duties apply to mineral estates; and if he will make a statement.

Mr David Gauke

Mineral rights (or ‘mineral estates’) will generally be owned by the person who owns the surface land, but they can be held separately. Rights in respect of some minerals, such as mineral oil and gas, are held by the Crown, or the Coal Authority in the case of coal deposits.

Where an individual owns mineral rights, the value of them forms part of their estate for inheritance tax purposes.