§ 32. Mr. W. Clarkasked the Chancellor of the Exchequer what would be the annual cost to the national revenue of doubling the existing repairs allowance on owner-occupied property.
§ 33. Mr. W. Clarkasked the Chancellor of the Exchequer what would be the cost to the national revenue of exempting from assessment the first £15 of net annual value of Schedule A tax on owner-occupied property.
§ Mr. ClarkI thank my right hon. Friend for that information, and I do not wish to intrude on the fiscal purdah into which he has now entered, but, in framing his next Budget, will he consider the advisability of increasing the repairs allowance to a more realistic figure and extending the concession at the moment given to Post Office savers to house savers, to the extent of exempting the first £15 of net annual value?
Mr. AmoryI will certainly take note of my hon. Friend's suggestion, but I would ask him if he, in his turn, will look at what the Royal Commission on the Taxation of Profits and Incomes said on both the points to which he has referred.