§ Mr. STUART-WORTLEYasked the Chancellor of the Exchequer whether the proposed amendment of Income Tax law, with respect to incomes received abroad and not brought into this country, is to be applicable to persons, whether British subjects or aliens, who reside abroad or are resident for only a part of the year in the United Kingdom; and whether it is to be applicable to income which is already liable to Income Tax in the foreign country?
§ Mr. LLOYD GEORGEThe points raised in this question will be dealt with in the Finance Bill, and I must ask the right hon. Gentleman to wait until the Bill is circulated, which will be in a few days.
§ Mr. SAMUEL SAMUELasked whether the term incomes derived from investments abroad covers all such cases as estates and other business owned by naturalised British subjects in Hungary or elsewhere?
§ Mr. LLOYD GEORGEThe point raised in this question will be dealt with in the Finance Bill, and I must ask the hon. Member to wait until the Bill is circulated, which will be in a few days.
§ Mr. SAMUEL SAMUELalso asked the Chancellor what was the net income, namely, the amount of the taxable income before the deduction for abatements, life insurance premiums, and relief in respect of children are made for the years 1903–4 and 1913–14; what was the estimated number of Income Tax payers for those years; and what was the estimated net income per Income Tax payer for those years?
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§ Mr. LLOYD GEORGEThe figures asked for by the hon. Member are, approximately, as follows:—
— Year 1903–4. Year 1913–14. Taxable Income. £731,571,000 £935,000,000* Estimated number of Income Tax payers 950,000 1,190,000 Estimated Tax able Income per Income Tax payer £770 £786 * Estimated.