§ 53. Major Wiseasked the Chancellor of the Exchequer if the Government planting grants of £10 per acre payable under the proposed dedication scheme to landowners for afforestation will be subject to taxation; and, if so, in what manner the appropriate tax will be collected where landowners are already assessable under Schedule B as occupiers of the lands replanted or to be newly planted.
§ Mr. DaltonSuch grants do not affect assessments under Schedule B. Under Schedule D the grant may be treated as a trading receipt, but the corresponding expenditure will then be allowed as a deduction.