An Exposition of the ACT for a Contribution on Property, Professions, Trades, and Offices

An Exposition of the ACT for a Contribution on Property, Professions, Trades, and Offices

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1803 edition. Excerpt: ...the fale of the profits of the lands during that period. It is received periodica ly and not annually; but being a substitution for annual profits, and capable of being used as such, it is properly confidered as immediately within the (ubject of this tax. With certain large proper.ks, and particularly ecclefiastical and collegiate institutions, it forms the most confi erable branch of the annual income. The manner of computing the duty has been already mentioned; that compulation is to be returned under the 6th Rule. The profits arifing from certain landed properties the annual value where f cannot be ascertained by the General Rule in schedule A, and which are not particu'arly enumerated in schedule D, form another branch.--Such as the profit from timber, tolls of t. rnpikes, and easements not enumerated. The profits of public contractors, and other prosits derived fr m the public, not being from an ossice or employment of profit, nor in trade. Perhap-prize money may fall within this, ratl-er than the second case, for although it is acquired in a prosession, yet, as flowing from the immediate grant of the Crown, it cannor be confidered as the profits of a prosession in its limited sense, and may, perhaps, with more justice, be the subj.ct of a discretionary average, than to be accounted for according to the produce of each year. The profits arfing from certain public securities, not bei-g funded propeny, nor the object of the duties in any of the Ichedulc, form another branch. Such are the profits f rom Rxcheqtier bills, 't hese profits arise from property, and therefore come within the description of the duty in schedule I). They arise from interest accruing from day to day, depending in its amount on the dura tion of the possession. It cannot...
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Product details

  • Paperback | 30 pages
  • 189 x 246 x 2mm | 73g
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 1236542150
  • 9781236542151