The Duties On Land Values And Mineral Rights Under Part I Of The Finance 1909 10 Act 1910 With Introductions Notes And Appendices Containing The Regulations And Forms Issued By The Commissioners Of Inland Revenue

Author : Walter P. Boas
Publisher :
ISBN 13 : 9781332134021
Total Pages : 258 pages
Book Rating : 4.1/5 (34 download)

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Download or read book A Guide to the Duties Imposed Upon Land and Mineral Rights, Vol. 1 written by Walter P. Boas and published by . This book was released on 2015-08-04 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from A Guide to the Duties Imposed Upon Land and Mineral Rights, Vol. 1: By Part I. Of the Finance (1909-10) Act, 1910, Including the d104 of the Act, Notes on Each Section, and All Forms and Rules Issued The following pages are an attempt to present in as simple a form as possible Part I. of the Finance (1909-1910) Act, 1910. I have endeavoured to show not only the legal import, but also the intended effect, of each section, and in this task I have received great assistance from a study of the Official Reports of the House of Commons. The Act imposes four new duties upon the owners of land, increment value duty, reversion duty, undeveloped land duty, and mineral rights duty, and these duties may be shortly explained as follows. Increment value duty is a duty of twenty percent, upon the rise in the site value of land after the 30th day of April, 1909, and is payable on the transfer of land, on the grant of a lease of land, and on the death of the owner, or, when the owner is a body corporate or unincorporate, every fifteen years, commencing in the year 1914. Its aim is to secure for the community a share of the increase in the value of land which arises from the efforts of the community, and not from those of the owner of the land. Reversion duty is a duty of ten percent, on the value of any benefit accruing to a lessor by reason of the determination of a lease, and is payable on such determination. 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.