§ 59 and 60. Mr. Page
asked the Chancellor of the Exchequer (1) if he will initiate legislation to allow the full expenditure upon maintenance, repairs, insurance and management of property to 15W be a proper deduction from income charged to tax for the year in which that expenditure occurred, instead of being averaged over five years;
(2) if he will initiate legislation to permit the allowance under Schedule A in respect of the cost of maintenance and repairs of property, averaged over five years, to be allowed in full against income charged to tax even though it exceeds the annual value of the property.
§ 61. Mr. Page
asked the Chancellor of the Exchequer if he will give an estimate of the number of claims made annually by owner-occupiers of dwelling-houses for an allowance against Schedule A tax on the grounds set out in Section 102 of the Income Tax Act, 1952, relative to gardens which have been rendered incapable of cultivation for any year, by reason of flood or tempest.