§ 94. Mr. COOPER RAWSON
asked the Minister of Health whether the revaluation of house property for the purpose of taxation has been completed, and when notices of new assessments will be served upon owners; whether revaluations include an increase of 40 per cent. in respect of houses affected by the Rent Restriction Act of 1920; and what time will be allowed to property owners to appeal against such revaluations?
§ Mr. BALDWIN
I have been asked by my right hon. Friend to answer this question. The work of revaluation of property for Income, Tax and Inhabited House Duty purposes is now being completed, and it is anticipated that the notices of the new assessments of annual value will for the most part be ready for issue by the end of April. A person wishing to appeal against an assessment has to give notice of his objection in writing to the inspector of Taxes within 21 days after the date of the notice of assessment of annual value. In practice, however, no objection will be raised to a reasonable extension of this period, when the circumstances warrant it. Where a house is let to a bonâ-fide tenant, and the rent has been fixed in accordance with the Rent Restriction Act, 1920, that rent is normally being 1755 adopted as the basis of the annual value for Income Tax and Inhabited House Duty purposes.