HC Deb 16 July 1931 vol 255 cc796-7W

asked the Chancellor of the Exchequer whether he is aware that in the greater part of West Middlesex assessments of property for Schedue A are considerably higher than the assessments of such properties for rating purposes; and whether it is upon his instructions that the assessors of taxes in the area are attempting further to raise the Schedule A assessments?


Under the provisions of the Income Tax Acts the annual value of property for Schedule A under the revaluation now proceeding is required to be based on the rent at which a property is let, or is worth to be let, by the year. There may, of course, be variations in individual cases between the annual values so determined by reference to rents and the annual values adopted for rating purposes, but I am not aware that there is any general dissatisfaction with the revaluations being made in West Middlesex.