§ Mr. Marloweasked the Financial Secretary to the Treasury whether the maker of an omnibus deed of covenant whereby the trustees are directed to pay specified sums to certain named charities can include contributions to the King George VI Fund in such deed so as to qualify for refund of tax.
§ Mr. Boyd-CarpenterThe Commissioners of Inland Revenue regard the objects proposed for the King George VI National Memorial Fund as charitable.
Range of income before tax Number of incomes(1) Total income before tax (2) Total income after Income Tax and Surtax (3) at Proportion of income before tax retained after deduction of taxes at 1938–39 rates 1950–51 rates 1938–39 rates 1950–51 rates 1938 000's £ million £ million £ million £ million Personal income which can be allocated to different ranges: Under £250 (4) … … 2,589 2,585 2,585 99.8 99.8 £250–£499 … 1,890 631 611 607 96.8 96.2 £500–£999 … 539 361 322 305 89.2 84.5 £1,000–£1,999 … 183 247 202 179 81.8 72.5 £2,000–£9,999 … 98 361 256 196 70.9 54.3 £10,000 and over … 8 163 69 33 42.3 20.2 1950 Personal income which can be allocated to different ranges: Under £250 (4) … … 1,833 1,816 1,815 99.1 99.0 £250–£499 … 10,000 3,539 3,431 3,381 96.9 95.5 £500–£999 … 3,265 2,126 1,948 1,897 91.6 89.2 £1,000–£1,999 … 645 862 721 652 83.6 76.5 £2,000–£9,999 … 239 818 590 468 72.1 57.2 £10,000 and over … 11 182 84 43 46.1 23.6 (1) A married couple is for Income Tax purposes counted as one individual. (2) In addition to the income shown in this table there are amounts accruing to persons that cannot be allocated to particular ranges of income. These are estimated to have been £673 million in 1938 and £1,533 million in 1950. (3) The estimates of income in this table relate to calendar years; the tax rates used are those that were current in the fiscal years 1938–39 and 1950–51. (4) All allocable transfer incomes have been included in incomes under £250.