HC Deb 24 July 1923 vol 167 c222
53. Captain AINSWORTH

asked the Chancellor of the Exchequer whether, seeing that the power given under The Finance Act, 1923, to Income Tax authorities to demand accounts and revise taxation for any six years past instead of for three years will in certain cases prevent trustees closing estates for six years, he will consider the advisability of withdrawing this new power from the Income Tax authorities, which is provoking the resentment of the trading communities?


I would invite my hon. and gallant Friend's attention to Sub-section. (3) of Section 29 of the Finance Act, 1923, which provides that the period within which assessments may be made on executors and administrators in respect of the income of a deceased person shall not extend beyond the end of the third year next following the year of assessment in which the deceased person died.