Oral Answers to Questions — National Finance. – in the House of Commons at on 4 February 1932.
asked the Financial Secretary to the Treasury how many officials are still engaged in registering transfers on the sale of land, granting of leases, and transfer and sale of leases, as required under Section 28 of the Finance Act, 1931 (land value tax); and how much this has cost the Exchequer up to date?
37 persons are at present engaged on this work in the Inland Revenue, at an approximate cost to date of £2,000.
Although this sum is not a very large one, is it not possible to save this money, considering the serious state of the country?
I would refer my hon. and gallant Friend to the answer given by the Chancellor of the Exchequer on 8th December, 1931.
As it has been acknowledged that the land Clauses of the Finance Bill were to be dropped, why carry on this unnecessary expenditure?
The Chancellor of the Exchequer said quite definitely "without prejudice to the merits of this plan" which had been under consideration.
Is it not a fact that the registration and recording of the prices fetched by land at sales is of value in enabling Death Duties to be properly assessed?