§ 75. Mr. Turner-Samuelsasked the Financial Secretary to the Treasury how many local authorities receiving Exchequer contributions under the Housing Acts are paying Income Tax yearly on their housing revenue account.
§ The Financial Secretary to the Treasury (Mr. Glenvil Hall)A local authority is not assessed to Income Tax on its housing revenue account as such. Tax is chargeable under Schedule A in the normal way in respect of the properties which it owns under its housing schemes.
§ Mr. Turner-SamuelsDoes the Financial Secretary realise—[HON. MEMBERS: "Speak up."]—Does the Financial Secretary realise the point of this Question—[HON. MEMBERS: "Speak up."] —Does the Financial Secretary realise—[HON. MEMBERS: "Speak up."]—Do try to show a little courtesy. Does the Financial Secretary realise that the point of the Question was, what Income Tax these authorities are paying, not under Schedule A but under Schedule D?
§ Mr. HallMy hon. Friend raised this point the other night in a Debate in what I thought was a not very short speech. My right hon. Friend the Minister of Health did answer him. I think that at the moment that is as far as we can go.