Increment Value Duty

	Increment Value Duty Increment value duty was a UK tax based on The Finance (1909-1910) Act (10 Edw. VII, c.8) - the People's Budget - in response to the unequal ownership of land in the early 20th century. The tax was based on the increase in value of property due to public expenditure on roads, drainage, building of parks, etc. described as unearned increment. The tax was based on the difference between the amount of two valuations. Section 26(1) of the Act required the Board of Inland Revenue to ascertain the site value of all land in the United Kingdom as on 30 April 1909. This value constituted the "datum line" for the purposes of increment value duty. Any subsequent sale or grant of a lease, or transfer of an interest in a piece of land, or the subsequent death of a land-owner, provided the occasion for a potential payment of increment value duty; the site value at that date had then to be determined. It was repealed by the Finance Act 1920. A valuable offshoot of this tax and the Act was the 191 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu]
picture info	The Finance (1909-1910) Act (10 Edw ''The'' () is a grammatical Article (grammar), article in English language, English, denoting persons or things already mentioned, under discussion, implied or otherwise presumed familiar to listeners, readers, or speakers. It is the definite article in English. ''The'' is the Most common words in English, most frequently used word in the English language; studies and analyses of texts have found it to account for seven percent of all printed English-language words. It is derived from gendered articles in Old English which combined in Middle English and now has a single form used with pronouns of any gender. The word can be used with both singular and plural nouns, and with a noun that starts with any letter. This is different from many other languages, which have different forms of the definite article for different genders or numbers. Pronunciation In most dialects, "the" is pronounced as (with the voiced dental fricative followed by a schwa) when followed by a consonant s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu]
	People's Budget The 1909/1910 People's Budget was a proposal of the Liberal government that introduced unprecedented taxes on the lands and incomes of Britain's wealthy to fund new social welfare programmes. It passed the House of Commons in 1909 but was blocked by the House of Lords for a year and became law in April 1910. It was championed by the Chancellor of the Exchequer, David Lloyd George, and his young ally Winston Churchill, who was then President of the Board of Trade and a fellow Liberal; called the "Terrible Twins" by certain Conservative contemporaries. William Manchester, one of Churchill's biographers, called the People's Budget a "revolutionary concept" because it was the first budget in British history with the expressed intent of redistributing wealth equally amongst the British population. It was a key issue of contention between the Liberal government and the Conservative-dominated House of Lords, leading to two general elections in 1910 and the enactment of the Parliamen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu]
	Unearned Increment Unearned increment is an increase in the value of land or any property without expenditure of any kind on the part of the proprietor; it is an early statement of the notion of unearned income. It was coined by John Stuart Mill, who proposed taxing it so that it benefits every member of a society. Mill's concept was refined and developed by nineteenth-century economist Henry George in his book ''Progress and Poverty'' (1879). George argued that the value of land increased as population growth expanded the division of labor. A landowner's exclusive claim to their land granted them the ability to collect the excess productivity as economic rent. Thorstein Veblen further developed the concept, pointing out that the value of a piece of land was also dependent on current technological capabilities. Veblen thought the unearned increment increased as the industrial arts advanced, so the argument could be extended from land to capital goods. Focusing on the role of technical knowledge in th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu]
picture info	Finance Act 1920 A Finance Act is the headline fiscal (budgetary) legislation enacted by the UK Parliament, containing multiple provisions as to taxes, duties, exemptions and reliefs at least once per year, and in particular setting out the principal tax rates for each fiscal year. Overview In the UK, the Chancellor of the Exchequer delivers a Budget speech on Budget Day, outlining changes in spending, as well as tax and duty. The changes to tax and duty are passed as law, and each year form the respective Finance Act. Additional Finance Acts are also common and are the result of a change in governing party due to a general election, a pressing loophole or defect in the law of taxation, or a backtrack with regard to government spending or taxation. However, a repeal order can also be made by statutory instrument. The rules governing the various taxation methods are contained within the relevant taxation acts. Capital Gains Tax legislation, for example, is contained within Taxation of Charge ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu]
	1910-15 Valuation Office Maps And Field Books Year 191 ( CXCI) was a common year starting on Friday (link will display the full calendar) of the Julian calendar. At the time, it was known as the Year of the Consulship of Apronianus and Bradua (or, less frequently, year 944 ''Ab urbe condita''). The denomination 191 for this year has been used since the early medieval period, when the Anno Domini calendar era became the prevalent method in Europe for naming years. Events By place Parthia * King Vologases IV of Parthia dies after a 44-year reign, and is succeeded by his son Vologases V. China * A coalition of Chinese warlords from the east of Hangu Pass launches a punitive campaign against the warlord Dong Zhuo, who seized control of the central government in 189, and held the figurehead Emperor Xian hostage. After suffering some defeats against the coalition forces, Dong Zhuo forcefully relocates the imperial capital from Luoyang to Chang'an. Before leaving, Dong Zhuo orders his troops to loot the tombs of the Ha ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu]
	The Valuation Office The Valuation Office Agency is a government body in England and Wales. It is an executive agency of His Majesty's Revenue and Customs. The agency values properties for the purpose of Council Tax and for non-domestic rates in England and Wales (in Scotland this function is performed by the Scottish Assessors). This work is undertaken on behalf of the Department for Levelling Up, Housing and Communities in England, and the Welsh Government in Wales. The agency also provides additional valuation services to HM Revenue and Customs through its District Valuer Services business stream. This includes property valuations for the purpose of assessing taxes, such as capital gains and inheritance tax. District Valuer Services also provide a wide range of valuation services to the public sector, such as asset valuations for resource accounting and compulsory purchase advice on the purchase and sale of property, specialist building surveying advice, and valuation of mineral-bearing proper ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu]
picture info	Ordnance Survey , nativename_a = , nativename_r = , logo = Ordnance Survey 2015 Logo.svg , logo_width = 240px , logo_caption = , seal = , seal_width = , seal_caption = , picture = , picture_width = , picture_caption = , formed = , preceding1 = , dissolved = , superseding = , jurisdiction = Great BritainThe Ordnance Survey deals only with maps of Great Britain, and, to an extent, the Isle of Man, but not Northern Ireland, which has its own, separate government agency, the Ordnance Survey of Northern Ireland. , headquarters = Southampton, England, UK , region_code = GB , coordinates = , employees = 1,244 , budget = , minister1_name = , minister1_pfo = , chief1_name = Steve Blair , chief1_position = CEO , agency_type = , parent_agency = , child1_agency = , keydocument1 = , website = , footnotes = , map = , map_width = , map_caption = Ordnance Survey (OS) is the national mapping agency for Great Britain. The agency's name indicates its original military purpose (se ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu]
picture info	History Of Taxation In The United Kingdom The history of taxation in the United Kingdom includes the history of all collections by governments under law, in money or in kind, including collections by monarchs and lesser feudal lords, levied on persons or property subject to the government, with the primary purpose of raising revenue. Background Prior to the formation of the United Kingdom in 1707, taxation had been levied in the countries that joined to become the UK. For example, in England, King John introduced an export tax on wool in 1203 and King Edward I introduced taxes on wine in 1275. Also in England, a Poor Law tax was established in 1572 to help the deserving poor, and then changed from a local tax to a national tax in 1601. In June 1628, England's Parliament passed the Petition of Right which among other measures, prohibited the use of taxes without its agreement. This prevented the Crown from creating arbitrary taxes and imposing them upon subjects without consultation. One of the key taxes introduced b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu]