19 NOVEMBER 1892, Page 31

AGRICULTURAL INCOME-TAX.

[To THE EDITOR OF THE " SPECTATOR."] ,SIR,—Your correspondent, "H. R.," in the Spectator of November 12th, writes to correct you as to the above.

It is he, however, who is in error. He says there are no provisions for claiming a return of Income-tax when farming is carried on at a loss. This is not so. If a farmer can show, by businesslike accounts, that he has lost, or has made no profit, during the year, the Income-tax is repaid him. I have /myself (in East Lothian) recovered the money in this way. The misfortune is that so few farmers keep businesslike accounts, with regular balance-sheets.—I am, Sir, &c., R. S. S.