§ Major GLYNasked the Chancellor of the Exchequer whether he will consider the inclusion of the life-boat houses, sheds, etc., of the Royal National Lifeboat Institution being assessed under Schedule D and not B of the Income Tax Act, in view of the work done by the institution and the support this proposal obtained in the Report of the Income Tax Commissioners?
Mr. YOUNGI presume that what my hon. and gallant Friend has in mind is the proposal that there should be exemption from Income Tax under Schedule A in respect of properties owned and occupied by charities. Clauses on this subject have been put down for discussion during the Committee stage of the Finance Bill, and my hon. and gallant Friend will no doubt think it more desirable not to anticipate that discussion.