HC Deb 10 February 1911 vol 21 c659W

asked the Secretary to the Treasury whether Income Tax on compounded house property must be paid on the gross assessment for poor rate purposes, less the one-sixth allowed for repairs, or whether a smaller assessment will be accepted if it can be shown that the net rent actually received is less than the above?


In the area governed by the Metropolis Valuation Act, 1869, the assessment to Income Tax Schedule A is determined by the gross value as fixed by the various Assessment Committees. Outside that area the District Commissioners of Taxes are the authorities for determining the value of property for Income Tax purposes, which may or may not be identical with the gross poor rate value. In each case duty is payable on the value of property so arrived at (subject to statutory allowances) for the periods of occupation.