War Damage Contributions

Oral Answers to Questions — National Finance – in the House of Commons on 20th October 1942.

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Photo of Mr Cecil Wilson Mr Cecil Wilson , Sheffield, Attercliffe

asked the Chancellor of the Exchequer whether the concession intimated concerning the assessment of the war damage contribution on Income Tax assessments, which have been reduced subsequent to September, 1939, is intended to apply to owners of mortgaged property who have had similar reductions in their assessments, having in mind that the Income Tax payable by such mortgagors in 1939 was generally offset by the allowances granted against their building society interest payments?

Photo of Sir Kingsley Wood Sir Kingsley Wood , Woolwich West

I am not clear as to the precise circumstances to which my hon. Friend's Question relates. If he will let me have particulars of any actual cases which he may have in mind, I will gladly look into them and will communicate with him as soon as possible.