§ 53. Mr. CASSELasked whether a conveyance and assignment of a life interest in ground rents, coupled with certain policies of life assurance, was submitted to the Commissioners of Inland Revenue on the 26th November last with a request that the Increment Value Duty, particulars delivered stamp, should be affix thereto; whether the Inland Revenue Commissioners have refused to affix the stamp unless the vendor will state what amount of the whole consideration is attributable to ground rents; and, if so, what authority have the Commissioners for requiring the vendor to attempt to apportion the purchase consideration, and how can such apportionment be made?
§ Mr. LLOYD GEORGEThe answer to the first and second parts of the question is in the affirmative. With regard to the third part, I would point out that the stamp asked for constitutes an acknowledgment that all particulars have been delivered to the Commissioners which, in their opinion, are necessary for the purpose of enabling them to assess the duty; and in the case referred to such particulars had not in fact been delivered.