§ Mr. RAPHAELasked the Chancellor of the Exchequer if he will take into consideration the desirability of granting exemption from the Increment Tax to the owners of property below a certain value?
§ Mr. HOBHOUSEThe Government have under their consideration proposals having this end in view, and hope to be able to make an announcement on the subject shortly.
§ Lord BALCARRESAm I to understand that the exemption which the right hon. Gentleman is now considering in regard to Income Tax on small properties is also to be extended to the Undeveloped Land Tax?
§ Mr. HOBHOUSENo, sir. The question put to me was whether the exemption for Income Tax was to apply to owners of property a certain value.