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Determination of annual values for purposes of income tax under Schedule A and inhabited house duty for 1923 –24.
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32. —(1) The provisions of this section shall have effect for the purpose of enabling the annual values of properties for the purposes of assessments to income tax under No. I. and No. II. of Schedule A and to inhabited house duty for the year 1923–24 (in this Act referred to as “the said annual values”), to be determined during the year 1922–23, and of enabling the said assessments for the year 1923–24 to be made as soon house duty as may be after the commencement of that year, and for that purpose all things necessary to be done for determining the said annual values, and all things preliminary to the making of any such assessments may be done, as well at any time after the commencement of tins Act and before the sixth day of April, nineteen hundred and twenty-three, as at any time after the last-mentioned date.
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(2) For the purposes aforesaid, the provisions set out in the Second Schedule to this Act shall have effect.
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(3) The assessments to income tax under No. I. and No. II. of Schedule A and to inhabited house duty for the year 1923-24 shall be made by the General Commissioners on the basis of the annual values determined under this section for the year 1922–23 :
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Provided that any person, who proves to the satisfaction of the General Commissioners that the annual value for the year 1923–24 of any land, tenement, hereditament, or heritage, or of any inhabited dwelling-house, in respect of which he has been assessed for the year 1923–24 is less than the annual value on which the assessment was based, shall be entitled to a reduction of the assessment to an amount based on the annual value for the year 1923–24, estimated in accordance with the rules applicable to assessments under No. I. or No. II. of Schedule A or the enactments relating to inhabited house duty, as the case may be.
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(4) This section shall not apply as respects Scotland, or Ireland, or as respects lands, tenements or heritages in the Administrative County of London with respect to which the valuation list under the Valuation (Metropolis) Act, 1869, is by that Act made conclusive for the purposes of income tax and inhabited house duty, or to the appointment of assessors within the said county.
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