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Application of Income Tax Acts.
16 & 17 Vict. c. 34.
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26.—(1) Where this or any other Act enacts that income tax shall be charged in any year at any rate, there shall be charged, levied, and paid during that year in respect of all property, profits, and gains respectively described or comprised in the several Schedules A., B., C., D., and E. in the Income Tax Act, 1853, the tax at that rate:
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for every twenty shillings of the annual value or amount of property, profits, and gains chargeable under Schedules A., C., D., or E. in the said Act; and
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for every twenty shillings of one third of the annual value of lands, tenements, hereditaments, and heritages chargeable under Schedule B. in the said Act in respect of the occupation thereof:
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