§ 3. Mr. RUPERT GWYNNE
asked the Chancellor of the Exchequer whether, in estimating the value of business premises under the Finance (1909–10) Act, 1910, the 170 valuer is entitled to take into consideration any part of the value of the goodwill of a business carried on in the premises, or whether the value should be based on the assumption that the buildings are unoccupied and exclusive from any influence the tenant may bring or may have brought to bear on the premises?
§ The CHANCELLOR of the EXCHEQUER (Mr. Lloyd George)
Any enhancement of the market value of land due to the goodwill which is personal to the trader is included in total value, but Section 25 (4) (d) of the Finance (1909–10) Act, 1910, provides for its elimination in arriving at assessable site value.
§ Mr. GWYNNE
Will the right hon. Gentleman see that these instructions are made clear to the valuers?