HC Deb 02 July 1909 vol 7 cc745-6

Return ordered "showing the amount of the public charges falling upon the respective owners of £100, £1,000, £10,000, and £100,000, invested in—

  1. (a) Consols;
  2. (b) The ordinary shares of an industrial company yielding 5 per cent.;
  3. (c) Freehold agricultural land and buildings (assuming buildings to represent 30 per cent, of cost), the property yielding 3 per cent.;
  4. (d) Long leaseholds of urban land, built upon, yielding 4 per cent.; including the charges as upon—
    1. (1) Transfer on sale;
    2. (2) Stamp on marriage settlement;
    3. (3) Annual Income Tax under Schedules A and D:
    4. (4) Estate Duties on one succession— (a) unsettled estate; (b) settled estate;
on passing of the property upon death and Legacy or Succession Duties, assuming it to pass in one sum (a) to a spouse or lineal; (b) to a stranger in blood, distinguishing between (a) unsettled estate; (b) settled estate on first passing; and (c) settled estate on second and subsequent passings under the same settlement, assuming such investments to constitute the whole of the property of such owners, and the income derived from them to constitute their total income from all sources—
  1. (a) On the 31st day of March, 1909; and
  2. (b) Under the Finance Bill, 1909, if passed into law, adding separately each new charge imposed thereby in respect of each class of property."

—[Captain Craig for Mr. Walter Long.]

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