§ 52. Mr. OUTHWAITEasked the Chancellor of the Exchequer whether he can state on what basis the owners of woodlands who are getting enhanced prices for timber are assessed for Income Tax; and if he will say whether Excess Profits Tax is paid by them?
§ Mr. BONAR LAWOccupiers of woodlands are normally assessable to Income Tax under the rules of Schedule B of the Income Tax Acts, to which I would refer the hon. Member. Woodlands cannot come within the scope of the Excess Profits Duty unless they are managed on a commercial basis and are assessed under Schedule D.
§ Mr. OUTHWAITESeeing that enormously increased prices are being received from the colliery companies by the owners of woodlands, can the right hon. Gentleman say whether any steps will be taken to get a greater share of excess profits from the landowners?
§ Mr. BONAR LAWI can say nothing except this: When the next Budget is introduced, whoever is in my place will do his best to get money wherever he can get it.