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National Land Fund
The National Land Fund of the United Kingdom was a sum of money held by HM Treasury for the purpose of securing culturally significant property for the nation as a memorial to the dead of World War II. It was created in 1946. Proposed by Chancellor of the Exchequer, Hugh Dalton, the fund was confirmed in section 48 of the Finance Act 1946 with a sum of £50 million. The fund was never really utilised or developed in the manner that Dalton had envisaged. Nevertheless, despite this under-utilisation, substantial areas of land and numerous buildings were donated to various charities, of which a principal beneficiary was the National Trust which acquired many country houses in the 1940s and 1950s using the fund, beginning with Cotehele in Cornwall. Typically the houses were given to the nation instead of inheritance tax being paid to the Inland Revenue, which was reimbursed from the fund for any shortfall. The value of the fund was reduced to £10 million in 1957 by HM Treasur ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
HM Treasury
His Majesty's Treasury (HM Treasury), occasionally referred to as the Exchequer, or more informally the Treasury, is a department of His Majesty's Government responsible for developing and executing the government's public finance policy and economic policy. The Treasury maintains the Online System for Central Accounting and Reporting (OSCAR), the replacement for the Combined Online Information System (COINS), which itemises departmental spending under thousands of category headings, and from which the Whole of Government Accounts (WGA) annual financial statements are produced. History The origins of the Treasury of England have been traced by some to an individual known as Henry the Treasurer, a servant to King William the Conqueror. This claim is based on an entry in the Domesday Book showing the individual Henry "the treasurer" as a landowner in Winchester, where the royal treasure was stored. The Treasury of the United Kingdom thus traces its origins to the Treasury of the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
World War II
World War II or the Second World War, often abbreviated as WWII or WW2, was a world war that lasted from 1939 to 1945. It involved the vast majority of the world's countries—including all of the great powers—forming two opposing military alliances: the Allies and the Axis powers. World War II was a total war that directly involved more than 100 million personnel from more than 30 countries. The major participants in the war threw their entire economic, industrial, and scientific capabilities behind the war effort, blurring the distinction between civilian and military resources. Aircraft played a major role in the conflict, enabling the strategic bombing of population centres and deploying the only two nuclear weapons ever used in war. World War II was by far the deadliest conflict in human history; it resulted in 70 to 85 million fatalities, mostly among civilians. Tens of millions died due to genocides (including the Holocaust), starvation, ma ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chancellor Of The Exchequer
The chancellor of the Exchequer, often abbreviated to chancellor, is a senior minister of the Crown within the Government of the United Kingdom, and head of His Majesty's Treasury. As one of the four Great Offices of State, the Chancellor is a high-ranking member of the British Cabinet. Responsible for all economic and financial matters, the role is equivalent to that of a finance minister in other countries. The chancellor is now always Second Lord of the Treasury as one of at least six lords commissioners of the Treasury, responsible for executing the office of the Treasurer of the Exchequer the others are the prime minister and Commons government whips. In the 18th and early 19th centuries, it was common for the prime minister also to serve as Chancellor of the Exchequer if he sat in the Commons; the last Chancellor who was simultaneously prime minister and Chancellor of the Exchequer was Stanley Baldwin in 1923. Formerly, in cases when the chancellorship was vacant, the L ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hugh Dalton
Edward Hugh John Neale Dalton, Baron Dalton, (16 August 1887 – 13 February 1962) was a British Labour Party economist and politician who served as Chancellor of the Exchequer from 1945 to 1947. He shaped Labour Party foreign policy in the 1930s, opposing pacifism; promoting rearmament against the German threat; and strongly opposed the appeasement policy of Prime Minister Neville Chamberlain in 1938. Dalton served in Winston Churchill's wartime coalition cabinet; after the Dunkirk evacuation he was Minister of Economic Warfare, and established the Special Operations Executive. As Chancellor, he pushed his policy of cheap money too hard, and mishandled the sterling crisis of 1947. His political position was already in jeopardy in 1947 when he, seemingly inadvertently, revealed a sentence of the budget to a reporter minutes before delivering his budget speech. Prime Minister Clement Attlee accepted his resignation; Dalton later returned to the cabinet in relatively minor p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Finance Act 1946
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 Chargeable ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Trust
The National Trust, formally the National Trust for Places of Historic Interest or Natural Beauty, is a charity and membership organisation for heritage conservation in England, Wales and Northern Ireland. In Scotland, there is a separate and independent National Trust for Scotland. The Trust was founded in 1895 by Octavia Hill, Sir Robert Hunter and Hardwicke Rawnsley to "promote the permanent preservation for the benefit of the Nation of lands and tenements (including buildings) of beauty or historic interest". It was given statutory powers, starting with the National Trust Act 1907. Historically, the Trust acquired land by gift and sometimes by public subscription and appeal, but after World War II the loss of country houses resulted in many such properties being acquired either by gift from the former owners or through the National Land Fund. Country houses and estates still make up a significant part of its holdings, but it is also known for its protection of wild lands ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Country House
An English country house is a large house or mansion in the English countryside. Such houses were often owned by individuals who also owned a town house. This allowed them to spend time in the country and in the city—hence, for these people, the term distinguished between town and country. However, the term also encompasses houses that were, and often still are, the full-time residence for the landed gentry who ruled rural Britain until the Reform Act 1832. Frequently, the formal business of the counties was transacted in these country houses, having functional antecedents in manor houses. With large numbers of indoor and outdoor staff, country houses were important as places of employment for many rural communities. In turn, until the agricultural depressions of the 1870s, the estates, of which country houses were the hub, provided their owners with incomes. However, the late 19th and early 20th centuries were the swansong of the traditional English country house lifest ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cotehele
Cotehele ( kw, Kosheyl) is a medieval house with Tudor additions, situated in the parish of Calstock in the east of Cornwall, England, and now belonging to the National Trust. It is a rambling granite and slate-stone manor house on the banks of the River Tamar that has been little changed over five centuries. It was built by the Edgecumbe family in 1458 after the original Manor House was pulled down. Sir Richard Edgecumbe came into the property after fighting for Henry Tudor in the Battle of Bosworth. He was gifted with money and the original Manor House and estate and then proceeded to build Cotehele. History Probably originating circa 1300, the main phases of building appear to have been started by Sir Richard Edgcumbe from 1485–89 and followed by his son, Sir Piers Edgcumbe, from 1489–152This house is one of the least altered of the Tudor houses in the United Kingdom. The outbuildings include a stone dovecote in a remarkable state of preservation. For centuri ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Inheritance Tax In The United Kingdom
In the United Kingdom, Inheritance Tax is a transfer tax. It was introduced with effect from 18 March 1986, replacing Capital Transfer Tax. History Prior to the introduction of Estate Duty by the Finance Act 1894, there was a complex system of different taxes relating to the inheritance of property, that applied to either realty (land) or personalty (other personal property): # From 1694, Probate Duty, introduced as a stamp duty on wills entered in probate in 1694, applying to personalty. # From 1780, Legacy Duty, an inheritance duty paid by the receiver of personalty, graduated according to consanguinity # From 1853, Succession Duty, a duty introduced by the Succession Duty Act 1853 applying to realty settlements, taking effect on the death of the settlor # From 1881, Account Duty applied as an anti-avoidance duty on lifetime gifts made to avoid paying Legacy Duty # From 1885, Corporation Duty applied to the annual value of certain property vested in corporate and unincorp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Inland Revenue
The Inland Revenue was, until April 2005, a department of the British Government responsible for the collection of direct taxation, including income tax, national insurance contributions, capital gains tax, inheritance tax, corporation tax, petroleum revenue tax and stamp duty. More recently, the Inland Revenue also administered the Tax Credits schemes, whereby monies, such as Working Tax Credit (WTC) and Child Tax Credit (CTC), are paid by the Government into a recipient's bank account or as part of their wages. The Inland Revenue was also responsible for the payment of child benefit. The Inland Revenue was merged with HM Customs and Excise to form HM Revenue and Customs which came into existence on 18 April 2005. The former Inland Revenue thus became part of HM Revenue and Customs. The current name was promoted by the use of the expression "from Revenue and Customs" in a series of annual radio, and to a lesser extent, television public information broadcasts in the 2 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Victoria And Albert Museum
The Victoria and Albert Museum (often abbreviated as the V&A) in London is the world's largest museum of applied arts, decorative arts and design, housing a permanent collection of over 2.27 million objects. It was founded in 1852 and named after Queen Victoria and Prince Albert. The V&A is located in the Royal Borough of Kensington and Chelsea, in an area known as "Albertopolis" because of its association with Prince Albert, the Albert Memorial and the major cultural institutions with which he was associated. These include the Natural History Museum, the Science Museum, the Royal Albert Hall and Imperial College London. The museum is a non-departmental public body sponsored by the Department for Digital, Culture, Media and Sport. As with other national British museums, entrance is free. The V&A covers and 145 galleries. Its collection spans 5,000 years of art, from ancient times to the present day, from the cultures of Europe, North America, Asia and North Africa. Ho ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mentmore Towers
Mentmore Towers, historically known simply as "Mentmore", is a 19th-century English country house built between 1852 and 1854 for the Rothschild family in the village of Mentmore in Buckinghamshire. Sir Joseph Paxton and his son-in-law, George Henry Stokes, designed the building in the 19th-century Renaissance revival, revival of late 16th and early 17th-century Elizabethan and Jacobean styles called Jacobethan. The house was designed for the banker and collector of fine art Mayer Amschel de Rothschild, Baron Mayer de Rothschild as a country home, and as a display case for his collection of fine art. The mansion has been described as one of the greatest houses of the Victorian era. Mentmore was inherited by Hannah Primrose, Countess of Rosebery, née Rothschild, and owned by her descendants, the Earl of Rosebery, Earls of Rosebery. Mentmore was the first of what were to become virtual Rothschild properties in the Home counties, Rothschild estates in the Vale of Aylesbury. Baron ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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