HC Deb 07 May 1924 vol 173 c442W
Major KINDERSLEY

asked the Chancellor of the Exchequer if he can supply the figures to support the estimate that the abolition of the Inhabited House Duty-will probably be a greater relief to the married man with an income of £500 a year than a reduction of 6d. in the Income Tax?

Mr. SNOWDEN

A married man is, in the majority of cases, entitled to allowances for young children, if not for other dependants. If I take the case of a married man earning £500 with three children and no other dependants, a reduction of 6d, in the present standard rate of Income Tax would reduce his liability to tax by £1 13s. 9d. The Inhabited House Duty on a house of a pre-War rent of £50, now raised to £70, would be £1 15s.

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