asked the Minister for Finance if he will state in respect of assessments for income-tax made under Schedule A for each of the years 1934-35, 1935-36, 1936-37 and 1937-38:—(1) the gross income from lands, including farmhouses, farm buildings, etc.; (2) the gross income from houses, messuages, tenements, etc.; (3) the total amount of exemptions granted; (4) the total amount of reductions made, distinguishing between (a) repairs, etc., lands; (b) repairs, etc., houses and buildings; (c) empty property, and (d) other reductions, and (5) the total actual income.
Written Answers. - Income-tax Statistics.
As explained to the Deputy on the 9th February, 1939, figures for 1936-37 and 1937-38 will not be available for some time. As regards 1934-35 and 1935-36, the following are the figures, those for 1935-36 being approximate:—
INCOME TAX—SCHEDULE A.
ASSESSMENTS MADE IN THE YEARS 1934-35 AND 1935-36.
|
1934-35 |
1935-36 Approximate Figures |
|
|
£ |
£ |
|
|
(a) Gross Income:— |
||
|
(1) Lands, including Farm Houses, Farm Buildings, etc. |
2,165,600 |
2,300,000 |
|
(2) Houses, Messuages, Tenements, etc. |
3,755,600 |
4,000,000 |
|
Total Gross Income |
5,921,200 |
6,900,000 |
|
(b) Exemptions:— |
||
|
Incomes below the effective exemption limit |
656,500 |
790,000 |
|
Charities, Colleges, Hos pitals, Schools Friendly Societies etc. |
63,400 |
70,000 |
|
(c) Reductions:— |
||
|
Repairs, etc., Lands |
270,700 |
290,000 |
|
Repairs, etc., Houses and Buildings |
21,000 |
20,000 |
|
Empty Property |
28,400 |
30,000 |
|
Other Reductions and Discharges |
1,655,500 |
1,800,000 |
|
Total (b) and (c) |
2,695,500 |
3,000,000 |
|
(d) Actual Income (viz., Gross Income (a), less Exemptions (b), and Reductions (c) |
3,225,700 |
3,900,000 |
asked the Minister for Finance if he will state in respect of the assessments in income-tax made under Schedule D for each of the years 1934-35, 1935-36, 1936-37 and 1937-38, (1) the amount of the gross income, (2) the amount of exemptions granted (a) in respect of incomes below the effective exemption limit, (b) in respect of charities, etc.; (3) the amount of reductions made (a) in respect of allowances for wear and tear, (b) other reductions, and (4) the amount of actual income.
As explained to the Deputy on the 9th February, 1939, the figures for 1936-37 and 1937-38 will not be available for some time. As regards 1934-35 and 1935-36 the following are the figures, those for 1935-36 being approximate.
INCOME TAX—SCHEDULE D.
ASSESSMENTS MADE IN THE YEARS 1934-35 AND 1935-36.
|
1934-35 |
1935-36 Approximate Figures |
|
|
£ |
£ |
|
|
(a) Gross Income |
29,583,700 |
34,300,000 |
|
(b) Exemptions:— |
||
|
Incomes below the effective exemption limit |
248,300 |
230,000 |
|
Charities, Friendly Societies, etc. |
508,700 |
480,000 |
|
(c) Reductions:— |
||
|
Allowances for Wear and Tear |
821,000 |
1,830,000 |
|
Other Reductions and Discharges |
5,407,500 |
7,260,000 |
|
Total (b) and (c) |
6,985,500 |
9,800,000 |
|
(d) Actual Income (viz., Gross Income (a) less Exemptions (b), and Reductions (c) |
22,598,200 |
24,500,000 |