HC Deb 21 February 1912 vol 34 cc608-9
Mr. PRETYMAN

asked whether, where the valuation of a holding shows a minus agricultural value and also a minus assessable site value, Undeveloped Land Duty is being claimed on the sum of these two minus quantities?

Mr. LLOYD GEORGE

Undeveloped Land Duty is certainly not payable, and I am not aware that it has been claimed, in circumstances such as those to which the hon. Member refers.

Captain CRAIG

Is the right hon. Gentleman aware that it has been so claimed in my own individual case?

Mr. LLOYD GEORGE

If the hon. and gallant Gentleman will supply me with particulars I shall be glad to look into the matter.

Captain CRAIG

Can the right hon. Gentleman say what sort of a miserable Act it is which gives rise to such cases?

Mr. LLOYD GEORGE

I have invited the hon. Member to give me the facts, and I will look into them.

Captain CRAIG

Will the right hon. Gentleman promise he will not tax in these circumstances?

Mr. PRETYMAN

Can the right hon. Gentleman say how it is possible for such claims as these to be made without his knowledge?

Mr. LLOYD GEORGE

Does the hon. Gentleman really think that the Chancellor of the Exchequer knows every claim that is put in, not merely in respect of taxation in this country for Undeveloped Land Duty, but for every other tax?

Mr. PRETYMAN

If I may answer that question—

Mr. SPEAKER

The hon. Gentleman had better ask the next question. Time is getting on.

Mr. PRETYMAN

asked the Chancellor of the Exchequer whether he is aware that owners of premises subject to a perpetual rent-charge are allowed to deduct the capital value of the charge in order to arrive at assessable site value, but that where the annual charge is a ground rent for 999 years or for 10,000 years no such deduction is allowed, with the result that Undeveloped Land Duty is charged against owners upon a wholly fictitious valuation; and can he say whether such claims will be enforced?

Mr. LLOYD GEORGE

I am aware of the distinction which is drawn between a perpetual rent-charge and a ground rent, and I am considering whether any amendment of the law is desirable. In the meantime, Undeveloped Land Duty is being assessed and collected in accordance with the existing provisions of the law.