§ MR. MAURICE HEALYI beg to ask Mr. Chancellor of the Exchequer, whether, in view of the fact that the annual licence duty paid by solicitors is in effect a tax on their incomes, and one of a character not payable by any other profession, he will consider the advisability of so amending the Income Tax Acts as to allow credit for the annual licence duty as against the Income Tax payable under Schedule D?
§ THE CHANCELLOR OF THE EXCHEQUERThere is no provision in the Income Tax Acts prohibiting solicitors from deducting the amount paid for their annual certificates in computing their profits and gains for assessment under Schedule D, and I assume they do so deduct it.