§ Mr. John Pageasked the Chancellor of the Exchequer what expenses for time and travel may be set against income from property investment by a property owner who manages his own property personally.
§ Mr. Patrick JenkinA deduction is allowable for expenditure on travel which is undertaken in the course of managing the property but not for the notional cost of the owner's time; to allow the latter would involve the artificial concept of a man paying himself.