Increment Value Duty (Transfer on Sale)

HC Deb 29 May 1911 vol 26 cc843-4W

Mr. ROYDS

asked the Chancellor of the Exchequer whether on a transfer on sale, being an occasion on which Increment Value Duty becomes chargeable under the Finance (1909–10) Act, 1910, a new valuation of the land will be made by the Commissioners; and, if so, under what authority?

Mr. LLOYD GEORGE

I gave the hon. Member a very full reply to a similar question on the 17th instant, and I do not think I can do better than refer him to that reply.