§ 14. Colonel Sir ARTHUR HOLBROOKasked the Chancellor of the Exchequer whether he will consider the desirability, in order to encourage egg production in this country, of placing poultry farm lands on the same basis as ordinary agricultural lands for the purposes of assessment for taxation; and whether he Is aware that the poultry farm industry has been materially retarded and in many cases closed down owing to those in the industry having been assessed for Income Tax under Schedule D?
§ Mr. McNEILLAs a result of recent cases in the Courts, it has been decided that, normally, the profits of poultry-farm lands must be regarded as covered by the Income Tax assessment under Schedule B on the annual value of the 2355 lands occupied. The position sought by my hon. and gallant Friend has. therefore, in general, been reached.
§ Sir A. HOLBROOKIs the right hon. Gentleman aware that some lands in the neighbourhood of Basingstoke are assessed to Schedule B?
§ Mr, McNEILLThat is what I said.