§ 36. Mr. BURNETT
asked the Chancellor of the Exchequer whether he can see his way to reconsider the rules as to the chargeability to Income Tax of terminable annuities purchased?
I am afraid I cannot see any ground for proposing that the statutory provisions in this respect, which received the approval of the Royal Commission on the Income Tax, should be modified.
§ Mr. BURNETT
Is it not the case that savings which are invested in terminable annuities are, in fact, twice taxed?