§ Captain BAGLEYasked the Chancellor of the Exchequer whether, in view of the general fall in the value of money since 1914, a class of property will now be brought under inhabited house duty to 262W which it was not originally intended that duty should apply; and whether he will consider a revision of this duty?
§ Sir R HORNEAs my hon. and gallant Friend is, no doubt, aware Inhabited House Duty is not chargeable where the annual value of the premises is less than £20. While the temporary fall in the value of money may increase the number of houses chargeable to the duty the rates of duty have not been increased and as a whole the burden of the duty in proportion to the means to pay it has diminished. As at present advised I see no sufficient ground for proposing a revision of this duty.