INCOME TAX (UNEARNED INCOME).

HC Deb 22 April 1918 vol 105 c807

Resolved, 16. That the relief given to an individual in respect of unearned income shall be modified so is to be such as will reduce the rate of tax on his unearned income to—

• 3s. if the total income does not exceed £500.
• 3s. 9d. if the total income exceeds £500 but does not exceed £1,000.
• 4s. 6d. if the total income exceeds £1,000, but does not exceed £1,500.
• 5s. 3d. if the total income exceeds £1,500, but does not exceed £2,000.

And it is declared that it is expedient in the public interest that this Resolution shall have statutory effect under the provisions of the Provisional Collection of Taxes Act, 1913.