HC Deb 20 July 1914 vol 65 cc47-8W

asked the Chancellor of the Exchequer whether an owner of land who has spent on his estate in the erection and improvement of cottages more than the income of such estate can claim relief from Income Tax to the full extent of such excess?


The Income Tax Acts do not provide for relief in respect of the cost of erection and improvement of cottages. If the question is intended to refer to the cost of maintenance, including any replacement necessary to maintain the existing rent, the answer is that the amount of tax in respect of which relief can be claimed is limited by the amount of tax which has been charged, but that, inasmuch as the relief is based on the average expenditure over a period of five years, it is unlikely that the limit would be reached.