§ 53. Mr. Stokesasked the Chancellor of the Exchequer which of the seven plots of land at Abbotsinch, purchased from seven different owners, were regarded as revenue sales, and which as capital sales?
§ Sir K. WoodNo information can be furnished as to whether a particular sale 1159 of land is a revenue sale that attracts liability to Income Tax, as the disclosure would involve a breach of the statutory rule that particulars of the Income Tax assessment are confidential.
§ Mr. StokesIs the Chancellor aware that a short time ago he told me that revenue sales would be subject to tax, and is it not right, in view of this particular transaction, that we should know which are revenue sales and which are capital sales? The view of many people is that all the money ought to be returned.
§ Sir K. WoodI explained the general principle so far as I could, namely, that these are matters concerning the liability of individual persons which I am not permitted to disclose.
§ Mr. KirkwoodIs the Chancellor aware that I have a letter here from the Town Clerk of Paisley in connection with this ground, in which he asks the Government not to buy this land because it would be absolutely impossible to utilise it for the purpose they desire?