HC Deb 26 April 1926 vol 194 cc1785-6

Resolved, That—

  1. (a) where under the provisions of the Income Tax Acts, Income Tax in respect of profits or gains or income from any source or in respect of the property in lands, tenements, hereditaments, or heritages is required to be computed by reference to the amount of the profits or gains or income of some period preceding the year of assessment, Income Tax as so computed shall be charged for the year of assessment notwithstanding that no profits or gains or income arise from that source or 1786 that property for or within the year of assessment; and
  2. (b) the foregoing provision shall be deemed always to have had effect in relation to Income Tax chargeable in respect of the annual value of lands, tenements, hereditaments or heritages falling within No. II or No. III of Schedule A, in relation to profits falling within Rule 8 of the Rules applicable to Schedule B, and in relation to profits or gains falling within Cases I, II or VI of Schedule D.
And it is declared that it is expedient in the public interest that this Resolution shall have statutory effect under the provisions of the Provisional Collection of Taxes Act, 1913.