Capital Profit Distribution (Income Tax)

HC Deb 03 February 1948 vol 446 c1639

59. Mr. Gallacher

asked the Chancellor of the Exchequer whether the ½100,000 capital profit distributed to the shareholders of the Stanhope Steamship Company, Limited, in June, 1947, was subjected to Income Tax.

Sir S. Cripps

I am unable to furnish information as to the tax liability of particular taxpayers.