Papers by Command Volume . 18

Papers by Command Volume . 18

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1901 edition. Excerpt: ...is due to the fact that in 1899-1900 there was an abnormal amount of capital brought in under this head. Realty shows a decrease of 1,150,000/. as compared with 1899-1900. Of the 56,783,000/. on which duty was paid in the year, 49,414,000/. represents the capital on which duty was paid in a lump sum, and 7,369,000/. represents that portion of the capital value of Realty paying duty by instalments on which duty was paid during the year. If an estate valued at 80,000/. is paying the duty by eight annual instalments, the capital paying in each year would appear in the table (No. XCV.) as 10,000/. 9378--16 T 2 As regards the valuation of Realty, the average number of years' purchase of the gross annual value was, in the case of agricultural property, about 18; in the case of house property, about 15; and in the case o ground rents about 25. The number of estates valued at more than 250,000/. was 77 in 1900-1901 as compared with 79 in 1899-1900. As in former years a larger amount of capital passed at the 3 per cent, rate (estates exceeding 1,000/. and not exceeding 10,000/.) than at any other rate. Temporary Estate Duty.--This duty, which, like the Probate and Account Duties, is gradually disappearing, amounted to 20,625/., of which 17,369/. was derived from Realty, and 3,256/. from Personalty. Legacy Duty.--The net receipt under this head was 3,092,380/. in 1900-1901, and 3,215,227/. in 1899-1900, a decrease of 122,847/. The capital subject to Legacy Duty was 72,514,628/. in 1900-1901, and 74,535,161/. in the preceding year. The decrease may be attributed mainly to the depreciation in value of first class securities. Succession Duty--This duty produced 793,016/. in 1900-1901 and 704,030/. in 1899-1900, an increase of 88,986/. The...show more

Product details

  • Paperback | 138 pages
  • 189 x 246 x 8mm | 259g
  • Rarebooksclub.com
  • United States
  • English
  • black & white illustrations
  • 123690690X
  • 9781236906908