§ 41. Mr. H. Hynd
asked the Chancellor of the Exchequer whether the new rateable values on houses will be used for Schedule A Income Tax purposes; and to what extent they will affect assessments for water rates and other charges which are based on rateable value.
§ Mr. Barber
The new rating valuations will not affect Income Tax assessments under Schedule A. As regards the second part of the Question by the hon. Member for Accrington (Mr. H. Hynd), my right hon. Friend the Minister of Housing informs me that water rates will be based on the new values, though there will be reductions in rate poundage to compensate for this.