§ LORD J. JOICEY-CECIL (Lincolnshire, Stamford)To ask Mr. Chancellor of the Exchequer whether, as beneficed clergy are bound, under The Ecclesiastical Dilapidations Act, 1871, to insure their glebe buildings, they may deduct the amount of the insurance premiums from their net incomes before assessing them for income-tax.
(Answered by Mr. Asquith.) There is no provision in the Income-tax Acts under which the cost of the insurance of glebe buildings could be deducted from the income of the incumbent for purposes of assessment to income-tax. Under Section 35 of The Finance Act, 1894, an allowance of one-sixth is made from the annual value of the property to cover the expense of repairs and other outgoings.