HC Deb 13 June 1950 vol 476 cc7-8W
77. Sir W. Smithers

asked the Chancellor of the Exchequer what is the amount of capital depreciation that has been allowed to farmers in the last 10 years in computing their Income Tax liability.

Sir S. Cripps

Until 1949–50 most farmers were assessed under Schedule B. No depreciation allowances were given against Schedule B assessments as these assessments were designed to represent the net profit. The hon. Member will, however, find information relating to the farmers assessed under Schedule D for the year 1946–47 in Table 22 of the 91st Report of the Commissioners of Inland Revenue, and it is proposed to continue publication of this information in future Reports.