19. Mr. F. HALLasked the Chancellor of the Exchequer if his attention has been called to the circumstances of the valuation for land tax purposes of Nos. 2, 4, and 6, Wood Vale, Sydenham, the property of Mr. A. Smith; if the property, which cost about £1,500, has been valued at £945; and if it is proposed under the Finance Act that owners of property should be called upon to pay Increment Duty in the case of the sale of property at an amount equal to or less than that which it cost in the first instance?
§ Mr. LLOYD GEORGEMy attention has been called to the values, aggregating to £935, which have been provisionally placed on the property referred to by the hon. Member, and to a claim for Substituted Site Value now under consideration. As regards the last part of the question I may point out that Increment Value Duty is charged on the basis not of cost, but of the excess of occasion site value over original site value, or substituted site value, as the case may be.
54. Mr. EDGAR HORNEasked the Secretary to the Treasury whether any instructions have been issued by the Valuation Department, Ireland, of a similar character to those which were made the subject of the Return to the Order of the House of Commons, dated 27th July, 1911?
§ Mr. MASTERMANThe answer is in the affirmative.
§ Sir H. CRAIKWill they be issued as a Parliamentary Return?
§ Mr. MASTERMANI am not sure about that. I would ask for notice of that question.