§ MR. BRIDGEMANTo ask Mr. Chancellor of the Exchequer whether persons who insure their lives are entitled to a remission of income-tax on the premiums on the sole condition that their net income is six times the amount of the premiums; whether the Board of Inland Revenue have this year attached the further condition that the insured person must make a full delcaration of the whole of his income; and whether this condition has been imposed by Parliament or by the action of the Board.
(Answered by Mr. Lloyd-George.) The Board of Inland Revenue do not require a declaration of total income to be made by a person claiming an allowance in respect of life insurance, but only a statement showing that he possesses a taxed income equal to six times the amount in respect of which the allowance is claimed.