The New Land Valuation Under The Finance Act 1909 10 PDF Download

Excerpt from The New Land Taxes and Their Practical Application: Being an Examination and Explanation From a Legal Point of View of the Land Clauses of the Finance Act 1909-10 Act, and the Revenue Act, 1911 The Finance (1909 - 10) Act, 1910, opens a new chapter in the fiscal history of the United Kingdom. The task of arriving at the taxable entity, designated the site value, of land, which has been the subject of expenditure for years, and of applying the site value taxes to the intricate arrangements under which that land is held is one necessarily of magnitude and complexity. It is far greater and infinitely more complex than that involved in either of the two processes with which the law is now familiar, namely, that of arriving at annual value for the purpose of local taxation or income tax, or that of arriving at capital value for the purpose of imperial taxation on death. The law relating to it must enter far more largely into the ordinary work of a legal practitioner than that relating to either of the two methods of taxation referred to, because every sale, or lease for over fourteen years of land, as well as every death, may be an occasion on which one of the new duties, the increment value duty, may have to be paid. The levying of that duty involves an application of all the complicated provisions relating to site valuation contained in the new Finance Act. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.