Vol. 202 No. 1
I move:—
THAT subsection (1) of section 22 of the Finance Act, 1920, as amended by subsequent enactments, shall be further amended by the insertion of "a person whose total income from all sources does not exceed one hundred and twenty pounds a year and being" before "a son or daughter".
Would the Minister please explain what this Resolution means?
The Income Tax Commission recommended that where parents of advancing age were depending on a daughter to look after them, the income limit should apply the same as in the case of any other dependent relative. There was no provision as to what income she might have. We are now providing that she should not have more than £120 a year. This is only in preparation for next year's Budget, which will bring in a tapering allowance which they also recommended. Before the tapering allowance comes in, a child who has £1 over a certain income gets nothing. When the tapering allowance is brought in, that child will get the allowance, less £1. If the child has £10 over in a year, the allowance will be granted, less £10.
If the Minister is going to bring in a tapering allowance, I do not see why he could not have brought it in this year and made one job out of it.
There is some technical difficulty by reason of which it cannot be done until next year.
