§ Sir HENRY KIMBER
asked the Chancellor of the Exchequer if it is intended in the case of land agents, part of whose trade is to buy and sell as dealers in land and houses, that, in addition to paying Income Tax upon the profits they make on the turnover, they shall surrender to the State one-fifth of those profits as Increment Duty; and would the same answer apply to dealers in options for purchase or sale of interests in land where no actual conveyances take place?
§ Mr. HOBHOUSE
I may refer the hon. Baronet to my replies on the 7th and 15th ultimo to similar questions by my hon. Friend the Member for Preston, in which I dealt fully with the points now raised.