§ 109. Mr. NEWMANasked the Chancellor of the Exchequer whether he is aware that an estate known as the Covent Garden estate has changed hands recently for a sum of money stated to be approximately £3,000,000; whether all the hereditaments comprising this estate have had their total and site values ascertained and recorded; whether they have been assessed for increment land value duty on the occasion of such sale; and whether be has been able to form an estimate of the total sum that will accrue to the State by way of increment value duty?
§ Mr. LLOYD GEORGEMy attention has been drawn to the transaction to which the hon. Member refers. Particulars of the reported sale are, however, not yet available to the Commissioners of Inland Revenue, and no answer can accordingly be given to the second part of the question. The answers to the third and fourth parts of the question are in the negative.
§ Mr. NEWMANMay I have an answer to the last part of the question?
§ Mr. LLOYD GEORGEI have no official information on the subject.