§ Mr. FELLasked if the whole of the cost of the collection of the Increment Duty on sales of land is to be borne by the Government; and, if this is the fact, does it include the cost of the preparation of the various documents required by the Government to be furnished to it to enable the case for a claim to duty to be made out?
§ Mr. HOBHOUSEUnder Section 4 (2) of the Finance (1909–10) Act, 1910, the duty of furnishing the particulars required for the purpose of assessing Increment Value Duty is cast upon the transferor or lessor; and any expense which may be entailed by a compliance with the provisions of that Sub-section does not fall to be borne by the Crown.
§ Mr. FELLHas any estimate been formed of the additional cost that will be thrown on vendors and lessors by this, and is it 25 per cent additional to the law costs, or any other sum?
§ Mr. HOBHOUSENo. No estimate has been made, but I cannot conceive that it would be anything approaching 25 per cent.