HC Deb 23 January 1941 vol 368 cc307-36

[18th December].

Resolution reported,

WAR DAMAGE.

That, for the purposes of any Act of the present Session to make provision with respect to war damage to immovable property and to goods:—

  1. (1) It is expedient—
    1. (a) to authorise the payment into the Exchequer of all sums received by the Commissioners of Inland Revenue under the said Act in respect of contributions made thereunder towards the expense of making payments in respect of war damage to immovable property, of all sums received by the 336 Board of Trade thereunder in respect of the operation of schemes for insuring against war damage to goods, and of the proceeds of disposal under any power conferred by the said Act of materials of a building or of other land;
    2. (b) to authorise any such increase in the sums payable into the Exchequer and issuable out of the Consolidated Fund under subsection (3) of section sixteen of the War Risks Insurance Act, 2939, and any such increase in the money that may be raised and the securities that may be created under section seventeen of that Act, as may be attributable to any amendment of that Act (whether retrospective or not) by the said Act of the present Session; and
    3. (c) to authorise the extension by Defence Regulation of the scope of compulsory insurance under the said Act or under the War Risks Insurance Act, 1939;
  2. (2) Payments made in or towards discharge of liability in respect of any such contributions, expenditure on making good war damage in so far as a payment is made under the said Act or under any such scheme in respect thereof, and premiums payable under any such scheme, shall not be deducted in computing profits or gains for the purposes of any tax and shall not be included for the purposes of the Income Tax Acts in computing expenses of management or supervision, or the cost of maintenance, repairs or insurance."

Resolution agreed to.