§ Mr. RENDALLasked whether land which is developed for the industry of market gardening will be exempt from the Undeveloped Land Tax under the Finance Bill?
§ The FINANCIAL SECRETARY to the TREASURY (Mr. Hobhouse)Land used for market gardening is agricultural land within the definition contained in Clause 27 of the Finance Bill, and will, therefore, be subject to Undeveloped Land Duty under Clause 10 (2), unless its value does not exceed £50 per acre, or unless it comes within the other exemptions specified in Clause 11.
§ Mr. BECKWill the right hon. Gentleman consider the advisability of putting an Amendment exempting market garden land, because I do not suppose any market gardening land is under £50 an acre?
§ Mr. HOBHOUSEI will convey that expression of opinion to my right hon. Friend.