§ Sir R. Glynasked the Chancellor of the Exchequer whether he will consider a revision of the existing method of rating and taxing hotels under the Income Tax Act, 1945, having regard to the fact that hotels can only he kept up to date by constant improvements, including improved facilities for staff, which neither add in any way to the capital value of the hotel nor to its earning capacity, but which are in the nature of the overtaking of obsolescence; and whether he will agree to money spent in this way being allowed as revenue expenses.
§ Mr. DaltonI, have noted the hon. Member's suggestion, but he will not expect me to anticipate my next Budget statement, regarding a possible amendment of the Income Tax law.