Observations, &c. Upon the Act for Taxing Income: In which the Principles and Provisions of the Act are Fully Considered, with a View to Facilitate Its Execution, Both with Respect to Persons Chargeable, and the Officers Chosen to Carry it Into Effect : with the Act at Large : Together with the Substance of Clauses of the Assessed Tax Act that Have a Reference to this ... |
From inside the book
Results 1-5 of 15
Page 10
... average . By a general average is meant , that which in the Act is called a fair average : when the fums received from the fame property , or by the fame pursuits , in different years , are estimated upon the whole amount re- ceived ...
... average . By a general average is meant , that which in the Act is called a fair average : when the fums received from the fame property , or by the fame pursuits , in different years , are estimated upon the whole amount re- ceived ...
Page 11
... average throughout the kingdom , is equal to one quarter of the out- goings ; the remainder therefore forms the average , or what would be the rent , in all cafes , were the other outgoings uniform ; and this average therefore forms the ...
... average throughout the kingdom , is equal to one quarter of the out- goings ; the remainder therefore forms the average , or what would be the rent , in all cafes , were the other outgoings uniform ; and this average therefore forms the ...
Page 13
... average . in confideration Such cafes will particularly occur with refpect to all church leafes , and leafes on ... average of feven years ; or for forty years , renewable at the end of fourteen , in which cases the fine will be ...
... average . in confideration Such cafes will particularly occur with refpect to all church leafes , and leafes on ... average of feven years ; or for forty years , renewable at the end of fourteen , in which cases the fine will be ...
Page 15
... average of three years preceding , and to increafe or decrease the affeffment accord- ingly . The fame provifion is made to extend with refpet to all Sect . 94 . renants at rack rent in Scotland , on the principle that the general rule ...
... average of three years preceding , and to increafe or decrease the affeffment accord- ingly . The fame provifion is made to extend with refpet to all Sect . 94 . renants at rack rent in Scotland , on the principle that the general rule ...
Page 16
... average of their fines is to be taken , fo as to produce a fair eftimate of the value for one year , and that value to be deducted . with or without rent referved , and demifed by them upon im- proved rents . Profits of ma- nors , or ...
... average of their fines is to be taken , fo as to produce a fair eftimate of the value for one year , and that value to be deducted . with or without rent referved , and demifed by them upon im- proved rents . Profits of ma- nors , or ...
Common terms and phrases
afcertaining affeffment Affeffors Affiftants aforefaid alfo allowed alſo amount annual value annum appointed arifes from Trade bank of England cafes caſe caufe cauſe certificate charged chofen collectors Commercial Commiffioners Commif Commiffioners of Appeals confideration confidered county at large declare deductions defcription delivered diftinct divifion duplicate eftate eſtate eſtimated execution faid Act faid commiffioners faid Duties faid rates fame tenor fecond receipt fecurity feven feveral fhall fhould figned fioners firft fome former Act ftated fubfequent fubject fuch perfon fufficient fummoned iffue impofed Income arifes Infpector inftalment inftances intereft jurors laft Land Tax lefs Majefty ment miffioners muft muſt neceffary notice oath obferved owner paid parish party payment perfon or perfons place of refidence prefent provifions public bodies purchaſe purpoſes qualification rack rent received refpect rent rules ſchedule Scotland Sect ſhall ſtatement ſuch Surveyor tenant thefe thereof theſe thofe thoſe tion tithes tranfmit ufual
Popular passages
Page 79 - ... of stock would be redeemed. From this time the dividends on such capital as should in future be paid off or purchased by the commissioners, with such annuities as might afterwards fall in, were to be at the disposal of Parliament. The commissioners...
Page 89 - ... direct to the Bank of England. It might be noted, in passing, that until 1942 it was still possible to be assessed in a very similar manner. A second, and equally important concession to possible public hostility was the requirement in the first instance of a general return of income only as...
Page 78 - That if any Person or Persons shall forge or counterfeit, or cause or procure to be forged or counterfeited, or shall willingly act or assist in the forging or counterfeiting, any Receipt or Receipts for the Whole or any Part or Parts of the said Subscription towards the said Sum of...
Page 88 - ... year of the reign of his prefent majefly, intituled, " An aft to explain, amend, and...
Page 64 - ... to the poor, and half to the informer ; to be levied by diftrefs and fale, or on default the offender to fuffer not more than fix, norlefs than three months
Page 79 - October, in any year during the term herein mentioned, and the firft day of the calendar month which fhall commence next after the end of fuch quarter...
Page 3 - ... Assessment and the first Income Tax Act was clearly illustrated : 'In the last Act, income was the ultimate means of reducing an assessment founded on the amount of former assessments ; in the present it is made the primary means of ascertaining the assessment : both lead to the same end of assessing every part of the community to the amount of one tenth of the Income possessed by them, but pursue different modes to attain that end. It is obvious that the necessity of ascertaining Income as the...
Page 3 - ... involved the honest and loyal, whilst the dishonest or disaffected escaped under their own interpretation."1 The legislature, we are told, was aided in its new task " by an almost universal conviction having pervaded the public mind of the necessity of meeting the exigencies of the times by personal taxation, in proportion to the means of the individual; and by a similar determination to suffer the prejudice, arising from the apprehension of a disclosure of circumstances to subside in favor of...
Page 72 - ... allow and pay, according to fuch warrant as fhall be given in that behalf...