§ Mr. HARWOODasked the Chancellor of the Exchequer if he is aware that there is inequality of treatment as to Stamp Duty in respect of transactions under £500 value falling under Clauses 73 and 75 of the Finance Act; and if he proposes to do anything in the matter?
§ Mr. HOBHOUSEMy right hon. Friend's attention has been drawn to this matter, and he agrees with my hon. Friend that there is an inequality of treatment in regard to transactions not exceeding £500 in value which fall under Section 73 and Section 75 of the Finance (1909–10) Act, 1910, respectively. He proposes, in the Finance Bill of the present year, to amend Section 75 so as to exempt from the increased Stamp Duty chargeable on leases any transactions where the total consideration does not exceed £500, under conditions similar to those laid down in the proviso to Section 73.