HC Deb 10 May 1923 vol 163 c2593W

asked the Financial Secretary to the Treasury why it is necessary to make a property duty return to Somerset House on transfer of land, seeing that the land tax is now abolished; and will he, in the interest of national economy, recommend that the necessity for this return should cease?


I assume my hon. Friend refers to the requirements of Section 4 of the Finance (1909–10) Act, 1910, under which particulars of transactions in property are delivered to the Commissioners of Inland Revenue. The reasons for the retention of the obligation to deliver these particulars after the repeal of the Increment Value Duty are set out in the Budget statement for 1920 of my right hon. Friend the Member for West Birmingham (Mr. A. Chamberlain). I am sending him a copy. For the reasons contained in that statement I am unable to agree to abolish the obligation.