Increment Value Duty
id:
increment-value-duty-294-10000871
title:
Increment Value Duty
text:
Increment value duty was a UK tax based on The Finance (1909-1910) Act - the People's Budget - in response to
the unequal ownership of land in the early 20th century. The tax was based on the increase in value of property due to public expenditure on roads, drainage, building of parks, etc. described as unearned increment. The tax was based on the difference between the amount of two valuations. Section 26(1) of the Act required the Board of Inland Revenue to ascertain the site value of all land
brand slug:
wiki
category slug:
encyclopedia
description:
Former tax duty in UK
original url:
https://en.wikipedia.org/wiki/Increment_Value_Duty
date created:
date modified:
2023-10-12T08:23:43Z
main entity:
{"identifier":"Q16985869","url":"https://www.wikidata.org/entity/Q16985869"}
image:
fields total:
13
integrity:
14