§ Lord BALCARRESasked the Chancellor of the Exchequer whether, where a building estate is developed by the erection and sale of small houses, each sale being carried out by means of a lease to the purchaser at a ground rent for a consideration representing the value of the house, the leases are subject, under the Finance (1909–10) Act, 1910, to double Stamp Duty, notwithstanding that the total value of the rent and premium may not exceed £500; and, if so, whether he will introduce into the Finance Bill of this year a provision for extending to transactions of this character the exemption from double duty accorded by Section 73 of the Act of last year to other purchasers of small houses?
§ Mr. HOBHOUSEThe answer to the first part of the question is in the affirmative. As I informed the hon. Member for Clitheroe, in reply to a similar question on the 28th ultimo, my right hon. Friend has this matter under his consideration.