Finance Act 1895

17 Grant of duty of income tax, and application of Acts

(1) There shall be charged, levied, and paid for the year which began on the sixth day of April one thousand eight hundred and ninety-five, in respect of all property profits and gains respectively described or comprised in the several Schedules A., B., C, D., and E. in the [16 & 17 Vict. c. 34.] Income Tax Act, 1853, the following duties of income tax (that is to say) :—

• For every twenty shillings of the annual value or amount of property profits and gains chargeable under the said Schedules A., C., D., or E., the duty of eightpence ; and

• For every twenty shillings of the annual value of the occupation of lands tenements hereditaments and heritages chargeable under the said Schedule B., the duty of threepence.

(2) All such enactments relating to income tax as were in force on the fifth day of April one thousand eight hundred and ninety-five shall have full force and effect with respect to the duties of income tax hereby granted, so far as those enactments are consistent with this Act.