HC Deb 12 June 1934 vol 290 c1540W

asked the Chancellor of the Exchequer whether he will give details of the sum of £54,588,020, shown as other reductions and discharges., given in Table 44 on page 67 of the Seventy-sixth Annual Report of the Commissioners of Inland Revenue (Command Paper No. 4456), which was exempted from taxation, in addition to the sum of £101,384,564, the assumed cost of repairs, etc., to houses, buildings and land?


The figure to which the hon. Member refers covers not only reductions made in the Schedule "A" assessment by reference to fall in annual value amounting to £13,600,000, but also all the allowances which may fall to be made from the Schedule "A" assessment other than those due to exemption and relief in respect of repairs and maintenance. The principal allowances included are, tithe rentcharge and Land Tax, owners' rates, building society interest, voids and losses, which together account for £33,400,000. The figure of £101,384,564 includes not only the flat rate allowance for repairs, but also the additional allowance where the actual expenditure on repairs and maintenance taken on a five years' average exceeds the amount allowed under the flat rate.