§ Mr. Brewisasked the Chancellor of the Exchequer how much Income Tax was refunded in respect of seven-year deeds of covenant in the last complete financial year; and whether he will state the amount refunded in respect of covenants made in favour of religious bodies.
§ Sir E. BoyleThe amount of Income Tax repaid in respect of deeds of covenant during the year to 31st March, 1960, is estimated at about £13 million of which about one-tenth was to religious bodies.