Towns > Glasgow > 1828-1912 - Post-Office annual Glasgow directory > 1908-1909

1669
STAMP DUTIES
Schedule A.— (Real Property.) On each 20s. of
annual value of lands, tenements, and heritages,
in respect of the property, - Is. Od.
Schedule B. — (Occupancy of Real Property.) On
each 20s. of annual value of lands, tenements, and
heritages (other than dwelling-houses distinct
from farms, and buildings occupied for trades or
professions), in respect of the occupancy, Is. Od.
Schedule C— (Public Funds.) On each 20s. of
annual amount of profits from interest, annuities,
dividends and shares of annuities, payable out of
any public revenue, - - - - Is. Od.
Schedule D. — (Trades and Professions.) On each
20s. of annual amount of gains, profits, or returns,
from trades, professions, employments, or vocations,
or from personal or other property not included in
Schedules A, B, C, or E, - - - Is. Od.
Schedule E. — (Public Salaries.) On each 20s. of
annual amount of salaries, pensions, or annuities,
paid out of the public revenue, and not charged
under Schedules A, B, C, or D, or for public offices
or employments, - - - - Is. Od.
Exemption and Abatement. — Under the Finance
Act of 1898, persons whose whole incomes from
every source do not exceed £160 a year are
exempted. Persons whose incomes exceed £160
a year, but do not exceed £400 a year, are entitled
to an abatement equal to the duty upon £160 of
their income ; and if income exceeds £400 and does
not exceed £500, the abatement is equal to the duty
on £150 ; and where the incomes exceed £500 but
do not exceed £600, to an abatement equal to the duty
on £120 ; and where the incomes exceed £600 but do
not exceed £700, to an abatement equal to the duty
on £70.
Deductions. — Deduction is allowed, when claimed,
of any annual premium (not exceeding one-sixth part
of the claimant's income from every source) paid for
insurance, or deferred annuity, on the claimant's
own or his wife's life (to any insurance company
legally established in any British possession, 4
Edward VII. c. 7) in existence on 1st November,
1844, or registered pursuant to Act 7 and 8 Vict. c.
110 ; or of any annual payment made under Act of
Parliament to a widows' or children's fund.
By 41 Vict. c. 15, § 12, provision is made for
deduction for diminished value by wear and tear of
machinery or plant used in any trade, manufacture,
adventure, &c, the profits or gains of which are
chargeable under the rules of Schedule D.
By the Act 19 and 20 Vict. c. 80, landlords in
Scotland are entitled to relief (either by abatement
or by repayment) from any amount of Income Tax
which may be assessed upon them in respect of the
annual value of such rates, taxes, assessments, and
public burdens, as may be charged upon them and
not charged upon landlords in England.
Occupiers of lands for the purposes of husbandry
only are entitled, on proof to the satisfaction of the
Commissioners, to an abatement of duty proportion-
ate to the deficiency of their profits or gains. — 59 and
60 Vict. c. 28 § 27.
Person sustaining loss in any trade or profession
carried on by him, either solely or in partnership, or
in farming of lands, may, on application to the Com-
missioners through the district surveyor of taxes
within six months after the year of assessment,
obtain repayment of so much of the Income Tax on
his aggregate income as represents the tax on income
equal to his loss. — 53 and 54 Vict. c. 8, § 23.
Rates of Property and Income Tax per £.
Year ending
Under
Under
Schedule B.
Year ending
5th April.
Under
Schedules
Under
Schedule B.
5th April.
A,C, D,&E.
(Scotland.)
A,C,D, &E.
(Scotland.)
1886
8d.
3d.
1898
8d.
8d.
1887
8d.
3d.
1899
8d.
8d.
1888
7d.
2|d.
1900
8d.
8d.
1889
6d.
2£d.
1901
Is.
Is.
1890
6d.
2£d.
1902
Is. 2d.
Is. 2d.
1891
6d.
2|d.
1903
Is. 3d.
Is. 3d.
1892
6d.
2^d.
1904
lid.
lid.
1893
6d.
2£d.
1905
Is.
Is
1894
7d.
2£d.
1906
Is.
Is.
1895
8d.
3d.
1907
Is.
Is.
1896
8d.
3d.
*1908
Is. & 9d.
Is. & 9d.
1897
8d.
8d.
* Schedule A all Is.; Schedules D and E Is. and 9d.
where claimed.
9d. rate is on " earned incomes '