§ Mr. LONSDALEasked the Chancellor of the Exchequer whether, in arriving at the site value of land in Ireland, the total value of which is due partly, but not solely, to its capacity for agricultural purposes, the value of the tenant's interest is to be taken into account, and in the case of agricultural land near towns, where the landlord's interest and the tenant's interest combined may exceed £50 per acre, will the land be subject to undeveloped land duty; and, if so, who will pay the tax?
§ Mr. HOBHOUSEThe answer to the first part of the question is in the affirmative. As regards the second and third parts of the question, the duty will be payable unless the land comes within the exemptions provided under Clause 11 of the Finance Bill, and will be recoverable in accordance with the provisions of Clause 13 from the owner as defined in Clause 27.
§ Sir E. CARSONWill these amounts be aggregated or divided?
§ Mr. HOBHOUSEThey will not be aggregated; they will be divided.
Captain CRAIGIs it the fact that the landlord must pay one half and the tenant the other in a case of this sort?
§ Mr. HOBHOUSEIt depends on the respective interests.