§ Mr. DAWESasked the Chancellor of the Exchequer whether he is aware that a property described as a small country house, Great Wigsell, Bodiam, Sussex, was advertised in the Press of 16th April to be let for three months at a rent of 35 guineas a week, or about £1,900 per annum; whether the premises are assessed for Property Tax at any figure approximating to this value; and, if not, whether he will instruct the local authority to reassess them in accordance with the value placed on them by the owner?
§ Mr. BALDWINUnder the Budget proposals the annual value to be adopted for the purposes of Income Tax, Schedule A (property tax), for the current year— 1920–1—will be the annual value as adopted for 1919–20. Any profits, beyond the amount of such annual value, derived from letting furnished, would be separately assessable to Income Tax under Schedule D.