Graduation of tax on unearned income in case of incomes not exceeding 2,000l.
19.Section twenty-six of the Finance Act, 1916, shall have effect as if for the rates of tax specified in that section there were substituted the following rates, namely—
Three shillings if the total income does not exceed five hundred pounds;
Three shillings and ninepence if the total income exceeds five hundred pounds and does not exceed one thousand pounds;
Four shillings and sixpence if the total income exceeds one thousand pounds and does not exceed one thousand five hundred pounds;
Five shillings and threepence if the total income exceeds one thousand five hundred pounds and does not exceed two thousand pounds.
