§ 68. Mr. C. BATHURSTasked the Chancellor of the Exchequer if he proposes to abandon the present limit of 25 per cent. in the amount which can be claimed by way of abatement of Income Tax under Schedule A in respect of the maintenance, insurance, repairs, and management of agricultural estates; and, if so, whether owners of agricultural property will be entitled in future to make returns for Income Tax under Schedule D?
§ Mr. LLOYD GEORGEThe answer to the first part of the question is in the affirmative. As regards the second part, 110 change will be made in the provisions of Section 69 of the Finance (1909–10) Act, 1910, in regard to the method of obtaining the additional allowance.
§ Mr. BATHURSTThat being so, will the right hon. Gentleman explain why it is necessary to differentiate between the owners of agricultural land and those engaged in any business? Why not put them all under schedule D?
§ Mr. LLOYD GEORGEI cannot enter into that now. That is a matter for discussion. I think the hon. Gentleman will find that the owners of agricultural land will get exactly the same abatement in substance. It is really a matter of collection.