HC Deb 09 March 1911 vol 22 cc1715-6W

asked whether instructions have been given to the land valuers under The Finance (1909–10) Act, 1910, to value separately those portions of a holding that have a higher value than the remainder of a holding; if so whether they are further instructed to spread their valuation over the whole area so as to present a uniform valuation; and whether it is intended to charge Increment Duty on the portions separately valued on the basis of the uniform rate of valuation, seeing that those portions are likely to be first dealt with and that such valuation does not represent their true value?


The answer to the first part of the hon. Member's question is in the affirmative; as regards the second part of the question the Commissioners of Inland Revenue have no power, except at the request of the owner, to adopt a smaller unit of valuation than a hereditament in separate occupation, but the valuers are instructed, where parts of one unit have different values, to apportion the original site value between those parts, as provided by Section 29 (2) of the Finance (1909–10) Act, 1910. With regard to the last part of the question, I would draw the hon. Member's attention to the provisions of Section 29 (4) of that Act.