- (1) An assessment, an additional first assessment or a surcharge in respect of Income Tax chargeable for the year 1920–21 or any subsequent year of assessment may be amended or made, as the case may be, at any time not later than six years after the end of the year to which the assessment relates or the year for which the person liable to Income Tax ought to have been charged.
- (2) The time during which an assessment to Super-tax may be amended, or an assessment or additional assessment to Super-tax made, shall, in the case of assessments in respect of Super-tax chargeable for the year 1920–21 or any subsequent year of assessment, be extended so as to include any time within six years after the end of the year of assessment.
§ Sir W. JOYNSON-HICKS
I beg to move, at the beginning of Sub-section (1), to insert the words "Subject to the provisions of this Section."
The object of this and the Amendments which follow is to carry out a pledge which I gave to the hon. Member for Farnham (Mr. A. M. Samuel). The main Amendment is the new Sub-section (3). It would be keeping up the administration of estates too long if the six years which are allowed in ordinary cases were to be allowed in the case of the estates of deceased persons, and I promised to bring up an Amendment limiting the period to three years in such cases.
§ Amendment agreed to.
Further Amendments made: In Subsection (1), after the word "be" ["may be, at"], insert the words
under Section one hundred and twenty-five of the Income Tax Act, 1918, or Section one hundred and twenty-six of that Act.
§ In Sub-section (2), at beginning, insert the words "Subject to the provisions of this Section."
At the end of Sub-section (2) insert a new Sub-section:
(3) For the purposes of the charge of Income Tax or Super-tax on the executors or administrators of a deceased person in respect of the profits or gains or income which arose or accrued to him before his death, the time allowed by the foregoing provisions of this Section shall not extend beyond the end of the third year next following the year of assessment in which the deceased person died."—[Sir W. Joynson-Hicks.]