HC Deb 05 August 1912 vol 41 cc2883-4

Where Super-tax is charged in respect of the income of the wife there shall be allowed an abatement of such a sum as represents the amount which may be set aside to replace the original capital value of any leasehold having less than sixty years to run, calculated at the rate of three per cent. per annum with compound interest or the amount of premium paid on a leasehold redemption policy under similar conditions.

Motion made, and Question proposed. "That the Clause be read a second time."—[Mr. Boyton.]

Mr. LLOYD GEORGE

I am afraid I cannot possibly accept this proposal. The idea that there should be a special abatement in cases of this kind is not one that I could entertain.

Proposed Clause, by leave, withdrawn.

Bill reported; as amended, to be considered to-morrow (Tuesday).