Finance Act (Reversion Duty).

HC Deb 20 March 1912 vol 35 c2024W

Captain BAGOT

asked the Chancellor of the Exchequer whether the Reversion Duty payable under Section 13, Subsection 1, of the Finance (1909–10) Act, 1910, on the determination of a lease can be paid by instalment, as is Estate Duty on real property?

Mr. LLOYD GEORGE

The answer is in the negative; there is no provision of the law authorising payment of Reversion Duty by instalments.