Finance (1909-10) Act, 1910

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FINANCE (1909-10) ACT 1910

[10 Edw. 7. Ch. 8.]

ARRANGEMENT OF SECTIONS.

Duties on Land Values.

Increment Value Duty.

Section.

Reversion Duty.

13.	Reversion duty.
14.	Exemptions from reversion duty, and allowances.
15.	Recovery of reversion duty.

Undeveloped Land Duty.

16.	Duty on site value of undeveloped land.
17.	Exemptions from undeveloped land duty, and allowances.
18.	Exemption of small holdings from undeveloped land duty.
19.	Recovery of undeveloped land duty.

Mineral Rights Duty and Provisions as to Minerals.

20.	Mineral rights duty.
21.	Deduction of duty in case of intermediate leases of minerals.
22.	Special provisions as to increment value duty and reversion duty in the case of minerals worked or leased.
23.	Application of provisions as to total and site value to minerals.
24.	Definitions for purpose of mineral provisions.

Valuation for Purposes of Duties on Land Values.

25.	Definition of values of land.
26.	Valuation of land for purposes of Act.
27.	Ascertainment of the original site value of land.
28.	Periodical valuation of undeveloped land.
29.	Assessment of duty on separate parcels of land and apportionment of valuation.
30.	Duties of Commissioners as to keeping records and giving information.
31.	Information as to names of owners of land.
32.	Determination of value of consideration.

Appeals.

33.	Appeals to referees.
34.	Appointment of referees to hear appeals.

Supplemental.

35.	Exemption for land held by rating authorities.
36.	Deduction from increment value of sum paid to rating authority in respect of increase in value.
37.	Special provision for land held for charitable purposes, &c.
38.	Special provision for statutory companies.
39.	Power to charge duty on land in certain cases.
40.	Application of Part I. to copyholds.
41.	Definitions.
42.	Application of Part I. to Scotland.

Part II.

Duties on Liquor Licences.

43.	Duties on excise liquor licences.
44.	Valuation of licensed premises.
45.	Reduction of duty in case of hotels or restaurants.
46.	Distribution of payments on account of licence duties in certain cases.
47.	Reduction of monopoly value payments in certain cases.
48.	Duty on statement of purchases of intoxicating liquor to be supplied in a club.
49.	Grant of licences and date of expiration of licences.
50.	Penalties.

General.

51.	Relation of licences granted under Act to licences abolished.
52.	Definitions.

Temporary Provision.

53.	Temporary provision as to expiration of licences.

Part III.

Death Duties.

54.	Amended rates of estate duty and settlement estate duty.
55.	Limitation of relief from estate duty in respect of settled property.
56.	Power to transfer land in satisfaction of estate duty, settlement estate duty, or succession duty.
57.	Limitation on debts deductible from value of estate.
58.	Amendment of rates of legacy duty and succession duty.
59.	Provision as to gifts and dispositions inter vivos.
60.	Amendment as to value of property.
61.	Special provisions with respect to certain classes of property.
62.	Deduction of amount paid for increment value duty from value of estate for purposes of estate duty.
63.	Extension of exemption of objects of national, scientific, or historic interest.
64.	Protection of purchasers and mortgagees of interests in expectancy.

Part IV .

Income Tax.

65.	Income tax for 1909–1910.
66.	Super-tax on incomes over 5,000l.
67.	Further relief in respect of earned incomes.
68.	Relief in respect of children.
69.	Extension of relief from income tax under Schedule A.
70.	Extension of exemption for provident funds of friendly societies and trade unions.
71.	Exemptions and abatements in case of persons not resident in the United Kingdom.
72.	Special provisions as to assessment of super-tax.

Part V .

Stamps.

73.	Stamp duty on conveyances or transfers on sale.
74.	Stamp duty on gifts inter vivos.
75.	Stamp duty on leases.
76.	Stamp duty on marketable securities.
77.	Alteration and extension of duty on contract notes.
78.	Obligation to execute contract note.
79.	Extension of provisions as to contract notes to sale or purchase of options.

Part VI.

Customs and Excise other than Liquor Licence Duties.

80.	Duty on tea.
81.	Additional Customs and Excise duties on spirits.
82.	Additional Customs duty on beer.
83.	Duties and drawback on tobacco.
84.	Duty on motor spirit.
85.	Exemptions and allowances in respect of the duty on motor spirit.
86.	Duty on licences for motor cars.

Part VII.

Provisions as to Payments to Local Authorities and to Road Improvement Account.

87.	Payments in respect of monopoly value to go to Exchequer.
88.	Payments into local taxation account in respect of liquor licences, and provisions as to duties on motor car licences.
89.	Collection of motor car licence duties in Ireland.
90.	Payment of duties on motor spirit and motor car licences to road improvement account.
91.	Payment of half the proceeds of the duties on land values for benefit of local authorities.

Part VIII.

General.

92.	Application of existing enactments to licences granted under this Act.
93.	Laying of rules and regulations before Parliament.
94.	Penalty for making false statement or representation.
95.	Provision as to assessments, payments, &c., made on account of duty before passing of Act.
96.	Repeal, construction, and short title.

CHAPTER 8.

An Act to grant certain Duties of Customs and Inland Revenue (including Excise), to alter other Duties, and to amend the Law relating to Customs and Inland Revenue (including Excise), and to make other financial provisions. [29th April, 1910.]

Most Gracious Sovereign,

WE, Your Majesty's most dutiful and loyal subjects the Commons of the United Kingdom of Great Britain and Ireland in Parliament assembled, towards raising the necessary supplies to defray Your Majesty's public expenses, and making an addition to the public revenue, have freely and voluntarily resolved to give and grant unto Your Majesty the several duties herein-after mentioned; and do therefore most humbly beseech Your Majesty that it may be enacted, and be it enacted by the King's most Excellent Majesty, by and with the advice and consent of the Lords Spiritual and Temporal, and Commons, in this present Parliament assembled, and by the authority of the same, as follows:—

Finance (1909-10) Act, 1910 Permanent Page URL

Finance (1909-10) Act, 1910

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