§ Mr. NIELDasked the Chancellor of the Exchequer whether, under the terms of the Finance Bill as finally amended, the undeveloped land of a county asylum, used either for the purpose of the recreation of patients or under cultivation for the supply of produce to the asylum, will be chargeable either with Increment Tax or the Un-developed 2132W Land Tax on the capital value where such land, by reason of its proximity to towns, is of greater than agricultural value; if so, whether to both or which of such taxes; and will he give a reference to the Clause in the event of such land, or any part of it, being exempt from such taxes?
§ Mr. LLOYD-GEORGEClause 35 of the Finance Bill exempts from both Increment Value Duty and Undeveloped Land Duty land held by a rating authority.