21. Mr. FRED HALL (Dulwich)
asked if, in view of the decision in the Woodhall Spa Land Tax valuation case, it is proposed to give such instructions as will prevent the under valuation of property where the available information, as in this instance, makes it clear that an error has been made?
§ The CHANCELLOR Of the EXCHEQUER (Mr. Lloyd George)
There are a number of decisions by Referees which tend to establish the fact that the price 2902 obtained upon a sale of real property is not necessarily identical with the market value. The extent to which the price realised is indicative of the market value is a matter for determination by qualified valuers in each individual case, and I am not prepared to issue instructions which would fetter the officers concerned in the exercise of their professional qualifications.