§ 56. Mr. S. Shephardasked the Chancellor of the Exchequer if his regulations permit the cost involved in converting factory premises for the purposes of works nurseries to be treated as an allowable expense for taxation purposes.
§ Mr. Glenvil HallThis expenditure may be written off for taxation purposes under the provisions of the Income Tax Act, 1945, relating to industrial buildings.
59. Major Lloydasked the Chancellor of the Exchequer what proportion of the receipts from Income Tax in 1946–47 were provided by the coal industry and the electricity supply industry, respectively.
§ Mr. Glenvil HallI regret that I cannot supply information as to the Income Tax paid by individual industries.
§ 63. Colonel Ropnerasked the Chancellor of the Exchequer whether his regulations provide for Income Tax to be payable on compensation received by farmers in respect of flood damage to crops and land.
§ Mr. Glenvil HallI assume that the hon. and gallant Member has in mind payments from the Agricultural Disaster Fund organised by the National Farmers' Union last year. These payments are not liable to Income Tax.