Clause 24. — (Rates of Profits Tax, etc.)

Part of the debate – in the House of Commons at 12:00 am on 11 June 1951.

Alert me about debates like this

Photo of Mr Barnett Janner Mr Barnett Janner , Leicester North West 12:00, 11 June 1951

The hon. Gentleman must realise that these companies can easily sell the properties when they become vacant. Unfortunately, there is no Act which prevents exorbitant profits being made by the sale of a house when it becomes vacant. If the hon. Gentleman had given me notice of the company to which he was referring it is quite within the realms of possibility that I would have been able to answer his point. One cannot answer a point when someone gives a stream of facts without giving the full facts.