HC Deb 11 July 1938 vol 338 cc1062-5

  1. (1) Notwithstanding anything contained in the Income Tax Acts, any society or company which is a housing association as defined in Section one hundred and eighty-eight of the Housing Act, 1936, and Section twenty-five of the Housing (Scotland) Act, 1936, shall be entitled to have the amount of Income Tax which, but for any relief under this Sub-section, it would be liable to bear for any year of assessment, reduced by a sum representing tax on the amount of profits allocated in that year to reserve accounts or paid to any fund for the redemption of leases or of any charges on the society or company in respect of loans.
  2. (2) Relief under this Section shall be added to any reliefs applicable under Subsection (4) of Section thirty-two of the Finance Act, 1933, and in the event of any part of the combined reliefs remaining unsatisfied in respect of any year of assessment that part of the combined reliefs remaining unsatisfied shall be treated as provided in paragraph (b) of Sub-section (4) of Section thirty-two of the Finance Act, 1933:

Provided that no reliefs under this Section shall be applicable in respect of any allocations or payments in respect of which a deduction or relief is allowable to the society or company otherwise than under this Section.— [Mr. Pethick-Lawrence.]

Brought up, and read the First time.

Motion made, and Question put, "That the Clause be read a Second time."—[Mr. Pethick-Lawrence.]

The House divided: Ayes, 135; Noes, 229.

Division No. 293.] AYES. [10.22 p.m.
Adamson, W. M. Benson, G. Clynes, Rt. Hon. J. R.
Anderson, F. (Whitehaven) Broad, F. A. Cocks, F. S.
Attlee, Rt. Hon. C. R. Bromfield, W. Collindridge, F.
Banfield, J. W. Brown, C. (Mansfield) Cove, W. G.
Barnes. A. J. Brown, Rt. Hon. J. (S. Ayrshire) Cripps, Hon. Sir Stafford
Barr, J. Burke, W. A. Daggar, G.
Batey, J. Cape, T. Dalton, H.
Bellenger, F. J. Charleton, H. C. Davidson, J. J. (Maryhill)
Benn, Rt. Hon. W. W. Cluse, W. S. Davies, R. J. (Westhoughton)
Davies, S. O. (Merthyr) Jones, Morgan (Caerphilly) Poole, C. C.
Day, H. Kelly, W. T. Price, M. P.
Dobbie, W. Kennedy, Rt. Hon. T. Quibell, D. J. K.
Dunn, E. (Rother Valley) Kirby, B. V. Richards, R. (Wrexham)
Ede, J. C. Kirkwood, D. Ridley, G.
Edwards, Sir C. (Badwellty) Lathan, G. Riley, B.
Evans, D. O. (Cardigan) Leach, W. Ritson, J.
Frankel, D. Lee, F. Roberts, W. (Cumberland, N.)
Gallacher, W. Leonard, W. Robinson, W. A. (St. Helens)
Gardner, B. W. Leslie, J. R. Rothschild, J. A. de
Garro Jones, G. M. Logan, D. G. Salter, Dr. A. (Bermondsey)
George, Megan Lloyd (Anglesey) Lunn, W. Seely, Sir H. M.
Gibson, R. (Greenock) Macdonald, G. (Ince) Sexton. T. M.
Green, W. H. (Deptford) McEntee, V. La T. Silkin, L.
Greenwood, Rt. Hon. A. McGhee, H. G. Silverman, S. S.
Grenfell, D. R. McGovern, J. Simpson, F. B.
Griffith, F. Kingsley (M'ddl'sbro, W.) MacLaren, A. Smith, Ben (Rotherhithe)
Griffiths, G. A. (Hemsworth) Maclean, N. Smith, E. (Stoke)
Griffiths, J. (Llanelly) Mander, G. le M. Smith, Rt. Hon. H. B. Lees- (K'ly)
Hall, G. H. (Aberdare) Marklew, E. Smith, T. (Normanton)
Hall, J. H. (Whitechapel) Marshall, F. Sorensen, R. W.
Hardie, Agnes Mathers, G. Summerskill, Dr. Edith
Harris, Sir P. A. Maxton, J. Taylor, R. J. (Morpeth)
Henderson, A. (Kingswinford) Messer, F. Thurtie, E.
Henderson, J. (Ardwick) Milner, Major J. Tomlinson, G.
Henderson, T. (Tradeston) Montague, F. Viant, S. P.
Hicks, E. G. Morrison, Rt. Hon. H. (Hackney, S.) Walkden, A. G.
Hills, A. (Pontefract) Morrison, R. C, (Tottenham, N.) Watkins, F. C.
Hollins, A. Muff, G. Watson, W. McL.
Hopkin, D. Naylor, T. E. White, H. Graham
Jagger, J. Noel-Baker, P. J. Williams, T. (Don Valley)
Jenkins, A. (Pontypool) Oliver, G. H. Windsor, W. (Hull, C.)
Jenkins, Sir W. (Neath) Paling, W. Woods, G. S. (Finsbury)
John, W. Parker, J. Young, Sir R. (Newton)
Johnston, Rt. Hon. T. Parkinson, J. A.
Jones, A. C. (Shipley) Pearson, A. TELLERS FOR THE AYES.
Jones, Sir H. Haydn (Merioneth) Pethick-Lawrence, Rt. Hon. F. W. Mr. Whiteley and Mr. Groves.
Acland-Troyte, Lt.-Cot. G. J. Crooke, Sir J. Smedley Guest, Maj. Hon.O. (C'mb'rw'll, N.W.)
Adams, S. V. T. (Leeds, W) Crookshank, Capt. H. F. C. Gunston, Capt. Sir D. W.
Agnew, Lieut.-Comdr. P. G. Croom-Johnson, R. P. Hambro, A. V.
Albery, Sir Irving Cruddas, Col. B. Hannah, I. C.
Allen, Col. J. Sandeman (B'knhead) Davidson, Viscountess Hannon, Sir P. J. H.
Anderson, Sir A. Garrett (C, of Ldn.) Davies, Major Sir G. F. (Yeovil) Harbord, A.
Anstruther-Gray, W. J. De la Bére, R. Harvey, T. E. (Eng. Univ's.)
Apsley, Lord Denman, Hon. R. D. Haslam, Henry (Horncastle)
Aske, Sir R. W. Denville, Alfred Haslam, Sir J. (Bolton)
Assheton, R. Despencer-Robertson, Major J. A. F. Heilgers, Captain F. F. A.
Astor, Major Hon. J. J. (Dover) Dixon, Capt. Rt. Hon. H. Hely-Hutchinson, M. R.
Astor, Viscountess (Plymouth, Sutton) Dodd, J. S. Heneage, Lieut.-Colonel A. P.
Balfour, Capt. H. H. (Isle of Thanet) Doland, G. F. Hepburn, P. G. T. Buchan-
Beamish, Rear-Admiral T. P. H. Dower, Major A. V. G. Herbert, Major J. A. (Monmouth)
Beit, Sir A. L. Duckworth, Arthur (Shrewsbury) Holdsworth, H.
Bernays, R. H. Duckworth, W. R. (Moss Side) Holmes, J. S.
Bossom, A. C. Dugdale, Captain T. L. Hopkinson, A.
Boulton, W. W. Duggan, H. J. Horsbrugh, Florence
Bower, Comdr. R. T. Duncan, J. A. L. Hudson, Capt. A. U. M. (Hack., N.)
Boyce, H. Leslie Eastwood, J. F. Hume, Sir G. H.
Braithwaite, Major A. N. Elliot, Rt. Hon. W. E Hunloke, H. P.
Brass, Sir W. Ellis, Sir G. Hunter, T.
Broadbridge, Sir G. T. Elmley, Viscount Hurd, Sir P. A.
Brown, Col. D. C. (Hexham) Emery, J. F. Hutchinson, G. C.
Brown, Brig.-Gen. H. C, (Newbury) Emmott, C. E. G. C. Joel, D. J. B.
Browne, A. C. (Belfast, W.) Emrys-Evans, P. V. Jones, Sir G. W. H. (S'k N'w'gt'n)
Bull, B. B. Entwistle, Sir C. F. Janes, L. (Swansea W.)
Burghley, Lord Errington, E. Kerr, Colonel C. I. (Montrose)
Butcher, H. W. Erskine-Hill, A. G. Kerr, H. W. (Oldham)
Campbell, Sir E. T. Findlay, Sir E. Kerr, J. Graham (Scottish Univs.)
Carver, Major W. H. Fleming, E. L. Kimball, L.
Cary, R. A. Furness, S. N. Lamb, Sir J. Q.
Cayzer, Sir C. W. (City of Chester) Fyfe, D. P. M. Law, R. K. (Hull, S.W.)
Cazalet, Thelma (Islington, E.) Gilmour, Lt.-Col. Rt. Hon. Sir J. Leech, Sir J. W.
Clarke, Colonel R. S. (E. Grinstead) Gledhill, G. Lees-Jones, J.
Clarry, Sir Reginald Gluckstein, L. H. Leighton, Major B. E. P.
Clydesdale, Marquess of Goldie, N. B. Levy, T.
Colman, N. C. D. Gower, Sir R. V. Lipson, D. L.
Colville, Rt. Hon. John Grant-Ferris, R. Llewellin, Colonel J. J.
Conant, Captain R. J. E. Greene, W. P. C. (Worcester) Locker-Lampson, Comdr. O. S.
Cook, Sir T. R. A. M. (Norfolk, N.) Gretton, Col. Rt. Hon. J. Loftus, P. C.
Cooke, J. D. (Hammersmith, S.) Gridley, Sir A. B. Mabane, W. (Huddersfield)
Cooper, Rt. Hn. T. M. (E'nburgh, W.) Grigg, Sir E. W. M. MacAndrew, Colonel Sir C. G.
Courthope, Col. Rt. Hon. Sir G. L. Grimston, R. V. McCorquodale, M. S.
Craven-Ellis, W. Guest, Lieut.-Colonel H. (Drake) McKie, J. H.
Macnamara, Major J. R. L. Ramsay, Captain A. H. M. Sueter, Rear-Admiral Sir M. F.
Maitland, A. Ramsbotham, H. Tasker, Sir R. I.
Makins, Brigadier-General Sir Ernest Ramsden, Sir E. Taylor, C. S. (Eastbourne)
Margesson, Capt. Rt. Hon. H. D. R. Rathbone, J. R. (Bodmin) Thomas, J. P. L.
Markham, S. F. Rayner, Major R. H. Thorneycroft, G. E. P.
Marsden, Commander A. Reed, A. C. (Exeter) Touche, G. C.
Maxwell, Hon. S. A. Reed, Sir H. S. (Aylesbury) Tufnell, Lieut.-Commander R. L.
Mayhew, Lt.-Col. J. Reid, W. Allan (Derby) Turton, R. H.
Mellor, Sir J. S. P. (Tamworth) Remer, J. R. Wakefield, W. W.
Mills, Major J. D. (New Forest) Rickards, G. W. (Skipton) Walker-Smith, Sir J.
Moore, Lieut.-Colonel Sir T. C. R. Ross Taylor, W. (Woodbridge) Wallace, Capt. Rt. Hon. Euan
Moore-Brabazon, Lt.-Col. J. T. C. Rowlands, G. Ward, Lieut.-Col. Sir A. L. (Hull)
Moreing, A. C. Royds, Admiral Sir P. M. R. Ward, Irene M. B. (Wallsend)
Morgan, R. H. Ruggles-Brise, Colonel Sir E. A. Warrender, Sir V.
Morris-Jones, Sir Henry Russell, Sir Alexander Water-house, Captain C.
Morrison, G. A. (Scottish Univ's.) Russell, S. H. M. (Darwen) Watt, Major G. S. Harvie
Morrison, Rt. Hon. W. S. (Cirencester) Salmon, Sir I. Wells, Sir Sydney
Muirhead, Lt.-Col. A. J. Samuel, M. R. A. Whiteley, Major J. P. (Buckingham)
Munro, P. Sanderson, Sir F. B. Wickham, Lt.-Col. E. T. R.
Nicholson, G. (Farnham) Scott, Lord William Williams, H. G. (Croydon, S.)
Nicolson, Hon. H. G. Selley, H. R. Willoughby de Eresby, Lord
O'Connor, Sir Terence J. Shaw, Major P. S. (Wavertree) Wilson, Lt.-Col. Sir A. T. (Hitchin)
Patrick, C. M. Shaw, Captain W. T. (Forfar) Windsor-Clive, Lieut.-Colonel G.
Peake, O. Shepperson, Sir E. W. Wise, A. R.
Petherick, M. Simon, Rt. Hon. Sir J. A. Womerstey, Sir W. J.
Pickthorn, K. W. M. Smith, Bracewell (Dulwich) Wood, Hon. C. I. C.
Pilkington, R. Smith, Sir R. W. (Aberdeen) Wragg, H.
Plugge, Capt. L. F. Somervell, Rt. Hon. Sir Donald Wright, Wing-Commander J. A. C.
Ponsonby, Col. C. E. Someryille, A. A. (Windsor)
Pownall, Lt.-Col. Sir Assheton Southby, Commander Sir A. R. J. TELLERS FOR THE NOES.
Procter, Major H. A. Spens, W. P. Captain Hope and Major Sir
Radford, E. A. Strauss, H. G. (Norwich) James Edmondson.
Raikes, H. V. A. M. Stuart, Hon. J. (Moray and Nairn)

Question put, and agreed to.