§ Mr. PATRICK WHITEasked whether it is intended that tenant purchasers shall, under the Finance Bill, be entitled to deduct the capital value of the annuity due to the Land Commission from the market price of the holding subject to that annuity before assessment for Death Duties?
§ Mr. HOBHOUSEThe Finance Bill does not affect the existing law under which the capital value of the annuity may be deducted from the market price of the holding in cases where the ad valorem Estate Duty is paid.