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Landed Property (Valuations)

Volume 161: debated on Tuesday 13 March 1923

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asked the Chancellor of the Exchequer what are the aggregate valuations of landed property for the purposes of Schedule A of the Income Tax for the present financial year in England and Wales (excluding the administrative County of London), in the administrative County of London, and in Scotland, respectively?

Separate statistics of the gross annual value for the purpose of Income Tax, Schedule A, of lands and buildings have not been collected since 1914–15. The approximate gross annual value for 1921–22 is estimated to be:

Lands, including Rent Charges under Tithes Commutation Act, Farmhouses. Farm Buildings, etc.Houses. Mossnages. Tenements, etc.
££
England and Wales, excluding administrative County of London.36,600,000217,000,000
Administrative County of London.50,000
Scotland5,570,00023,000,000
Estimates for the current financial year will not be ready until about November next, but I may remind the hon. and gallant Gentleman that the revaluation now proceeding will not affect the annual values until the year 1923–24.