CO129-615-2 Income tax 10-3-1947 - 6-2-1948 — Page 46

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SECRETARIES' OFFICE

INLAND REVENUE

SOMERSET HOUSE

T.2015/43/46

Your ref.: 54307/47

Dear Palmer,

(24) (23) a

LONDON, W.C. 2

8th September, 1947.

Your letter of 30th August enclosing a copy of Hong Kong telegram No. 365 about annuity tables.

I am afraid that we cannot help. U.K. Income Tax enactments do not exclude any part of an annuity from assessment to tax; we regard the amuity wholly as income, so we do not need any tables to work out what Hong Kong describes as a reduction of capital.

Perhaps the Government Actuary or the Board of Trade would be able to assist

you.

H. Palmer, Esq.

Yours sincerely,

asurvicol

for 7. Gilbert