BUDGET "PIRATES."
: ■-.■ INCOME TAX. ... CONCESSION BY GOVERNMENT. A IYENIAL OF TDNDBB.-ESTIMf TION'.(By TolegrapU-Preß3 Asaociation-Copyright.j ■. .' (Rec. September 22, 0.10 a.in!) : ■ ';•■ . ;■ .London, September 21. The House of Commons had a twelve-hour sitting on tho income-tax clauses of the Fin»nc.o;BiU.. .'.'. : • -.-.. '■'.'. •', ' /. ■;.;Tho-Chancellor of tho Exchequer, Mr. Lloyd-Gfcorge, admitted timttho assessment under Schedule A pressed unfairly upon the hotter, class of landlords, though ho was.undblo ,to .assess landlords under Schedule D. He announced that a landlord, providing ho had actually spoilt tho money on his estates, would be allowed to claim for refund up to 25 per'cent, of the gross income upon.which he was;assessed. Hitherto owners.have been.allowed Id deduct from the.gross rovenuo onesixth in. respect of; houses and one-eighth in respect of farms on account of repairs and maintenance. This continues, but an owner epondiHß more is entitled to a further refund. llr. Lloyd-Georgo estimated'that tho concession, would cost half a million; He. added that,; far ; . from . nnderpestimatins the , total 'revenue of the coming: year,, ho had overestimated it. - ..;::.....', ■-... .■'.
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Bibliographic details
Dominion, Volume 2, Issue 618, 22 September 1909, Page 7
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164BUDGET "PIRATES." Dominion, Volume 2, Issue 618, 22 September 1909, Page 7
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