§ 73 and 74. Mr. G. Thomasasked the Chancellor of the Exchequer (1) how much additional revenue he anticipates receiving this year due to the change he has ordered in the assessment of stamp duty payable for a new lease;
(2) why he has changed the basis on which stamp duty is assessed for the lease on new property; and under what regulations he has made this change.
§ Mr. R. A. ButlerThe stamp duty on leases is governed by statute only and not by regulations. There has been no recent change of law or practice in this matter.