§ 72. Mr. G. LOCKER-LAMPSONasked whether, in assessing income from possessions abroad for 1914–15, the average income of the three preceding years will be taken?
§ Mr. LLOYD GEORGEExcept where the duty is charged by way of deduction, the assessments in respect of income from possessions abroad for the year 1914–15 will fall to be made on the basis of the average income arising in the three preceding years.
§ Mr. G. LOCKER-LAMPSONMay I ask the right hon. Gentleman whether that would also apply to income coming to this country for the first time?
§ Mr. LLOYD GEORGEI would rather not answer that off-hand.