[Mithalwen]

I thought it was income tax he needed the cash to pay - I am sure the details have been discussed here before a while back. Sure I ended up digging up the legislation.. not that I am obsessive or anything. Idea that it was on the lines on having to pay a very hight rate of tax before he received the income. 2K wouldn't have bought Tolkien's bungalow in Branksome Chine even though it wasn't very big and was spectacularly ugly. Since selling the rights wouldhave increased the value of the estate I can't see it would help with death duties. I suppose the share of profits might have been hoped to cover them if Tolkien didn't anticipate the films actually being made in his life time... though given the longevity in his family apart friom his parents he perhaps hoped for longer than he got. But what I have read on the issue before implied an immediate need rather than inheritance tax planning.