§ Mr. Woodasked the Chancellor of the Exchequer what was the amount paid to charities under deeds of covenant in the latest financial year for which figures are available; and how much of this was repayment of Income Tax and how much relief, from Surtax.
§ Mr. Boyd-CarpenterThe total amount paid to charities under deeds of covenant in the year to 31st March, 1952, is estimated at £9½ million, of which about72W £4½ million represents Income Tax repayments. The Surtax relief given to the covenantors is about £½ million. This amount is decreasing rapidly as no Surtax relief is due in respect of deeds executed after 10th April, 1946.
§ Mr. Woodasked the Chancellor of the Exchequer what was the number of seven-year deeds of convenant to charities, and the total number of seven-year deeds of covenant, in the latest financial year for which figures are available.
§ Mr. Boyd-CarpenterThe total number of seven-year deeds of covenant in force in the year to 31st March, 1952, is estimated at about 600,000, of which about 550,000 were in favour of charities.