HC Deb 15 July 1913 vol 55 c1051
42. Colonel LOCKWOOD

asked the Chancellor of the Exchequer whether, in view of the case of the Duke of Beaufort v. the Commissioners of Inland Revenue, the Commissioners have still the right to assess persons with incomes over £5,000 per annum on the gross amount of their incomes, and will not allow the Income Tax of 1s. 2d. in the £ to be deducted first?

The CHANCELLOR Of the EXCHEQUER (Mr. Lloyd George)

Super-tax is assessable on the basis of Section 66 (2) of the Finance (1909–10) Act, 1910, and that Section does not provide for the deduction of Income Tax in calculating income for assessment to the Super-tax, which is defined as "an additional duty of Income Tax."


Will the right hon. Gentleman consider the case that I have alluded to?


It has reference to mineral rights—a totally different point.

Forward to