§ Sir FRANCIS LOWEasked the Chancellor of the Exchequer whether, in case of an increment taking place in the value of land and property during the term of years for which it is let on lease, he proposes to charge the leaseholder with a tax in respect of this increment, or whether it is proposed that the freeholder who has received no additional rent in the meantime should bear the whole of this taxation on the expiration of the lease?
The HON. MEMBERalso asked the Chancellor of the Exchequer, in estimating the value of the unearned increment in the value of land, how he proposes to ascertain whether it is due to the action of the community or to the action of the landowner; and, in cases where the increment is partly due to both these causes, how does he propose to apportion the increment between the two?
§ Mr. LLOYD-GEORGEAs I have already explained I do not think it is desirable that I should deal with questions of this kind until the Finance Bill is in the hands of the House.
§ Sir FRANCIS LOWEMay I ask whether the right hon. Gentleman would consider the advisability of embodying in the Finance Bill provisions dealing with these points before introducing that Bill to the House?
§ Mr. LLOYD-GEORGEHow does the hon. Member know that I have not dealt with it?
§ Sir FRANCIS LOWEI do not know. I want to know.
§ Mr. LLOYD-GEORGEThe hon. Member will know as soon as the Bill is introduced. I can assure him I am not going to tax anybody on any land until the Bill is introduced.