HC Deb 28 November 1952 vol 508 cc104-6W
Major Hicks Beach

asked the Chancellor of the Exchequer what are the objects of the continued implementation of Section 28 of the Finance Act, 1931, in view of the fact that this Section was originally put on the Statute Book in connection with the tax introduced under the Finance Act, 1931, for taxing land values.

Mr. R. A. Butler

The information about transfers and leases of real property which is obtained under this Section is of great importance to the Inland Revenue valuation office in valuing land for Estate Duty and Stamp Duty purposes and in advising and assisting Government Departments and local authorities who are acquiring or disposing of land.