§ Mr. FFRENCHasked the Secretary to the Treasury whether he was aware that a farmer or market gardener may, by judicious management of his holding, increase the value of it; and whether, if this land is required for building purposes, increment tax will be charged upon the increased agricultural value?
§ Mr. HOBHOUSEWhere land is sold for building purposes, Increment Value Duty would not be charged upon the increased agricultural value, inasmuch as, in normal circumstances, no part of the consideration for the sale would be attributable to that increased agricultural value.