§ 49. Mr. T. WILLIAMSasked the Chancellor of the Exchequer what was the yield of 1d. in the £ Income Tax for each of the last four years?
§ Mr. CHURCHILLThe estimated yield per 1d. of the Income Tax (excluding Super-tax) is as follows:
Year. £ 1921–22 (United Kingdom) 4,805,000 1922–23 (United Kingdom) 4,916,000 1923–24 (Great Britain and Northern Ireland) 4,880,000 1924–25 (Great Britain and Northern Ireland) 4,880,000
§ For the first two years these estimates are final: for 1923–24 and 1924–25 they are provisional only.
§ 56. Mr. SHEPPERSONasked the Chancellor of the Exchequer if he is aware that a rural landowner who enlarges or reconstructs a house of the cottage class in agricultural areas is not allowed any rebate in his Income Tax for that expenditure; and will he take steps to remedy this?
§ Mr. CHURCHILLIf my hon. Friend will furnish me with particulars of the case which he has in mind, I will gladly have the matter investigated and wilt 1097 communicate the result to him in due course. At the same time I would invite his attention to Rule 8 of No. 5 in Schedule A of the Income Tax Act, 1918, which, as amended by Section 25 of last year's Finance Act, gives a rural landowner the right to include in his claim to an Income Tax allowance in respect of the cost of maintenance, etc., of his estate, expenditure on additions or improvements to farm or estate cottages provided that no increased rent is payable in respect of the additions or improvements and in so far as they are made in order to comply with the provisions of any Statute or the regulations or bye-laws of a local authority.