HC Deb 05 July 1909 vol 7 c807
Mr. LAIDLAW (for Sir John Jardine)

asked, as regards the incidence of the In-crement Tax on land feued in superiorities in Scotland whether the tax will become exigible under the Finance Bill from the date of sale by a vassal or only after the feu has ceased to be full and infeftment has been taken place; and whether it will be exigible on an intermediate sale by the purchaser from the vassal and before any infeftment?


The tax is payable under the Bill when the contract of sale is complete, even although the buyer has not taken infeftment. It will be exigible on any transfer of sale made by a purchaser from the vassal, even although the former has not taken infeftment.