Owner-occupied Houses (Taxation)

Oral Answers to Questions — National Finance – in the House of Commons at 12:00 am on 30th October 1952.

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Photo of Sir Ian Fraser Sir Ian Fraser , Morecambe and Lonsdale 12:00 am, 30th October 1952

asked the Chancellor of the Exchequer if he will consider applying to Britain the Canadian practice of no taxation on an individual owner-occupier in respect of his house so as to encourage people to buy and build their own houses.

Photo of Mr John Boyd-Carpenter Mr John Boyd-Carpenter , Kingston upon Thames

The question of the taxation of owner-occupied houses is before the Royal Commission on the Income Tax and my right hon. Friend must await their report before reviewing the matter.

Photo of Sir Ian Fraser Sir Ian Fraser , Morecambe and Lonsdale

Will the Chancellor and his assistants try to give this matter some thought before the next Budget, as it seems a rather good suggestion?