Land Tax Act 1688

IV. Recital that many of such Lands, Mines, Tythes, &c. may be incumbered.

Landlords, &c. of such Lands, &c. may retain 12d. in the Pound out of such Charges.; Bodies Politic being indebted allowed after the Rate of 12d. in the Pound out of the Interest to grow due on such Debt by their Creditors, notwithstanding any Agreement to the contrary.; And all Incumbrancers to allow such Deductions; and the Tenants indemnified from any further Payment of the 12d.

And whereas many of the Mannours Messuages Lands Tenements Tythes Hereditaments or Premisses intended by this Act to be Charged with the Pound Rate as aforesaid stand incumbred with or are subject and lyable to the payment of severall Rent Charges or Annuities issueing out of the same or to the payment of diverse Fee-farme Rents Rents-Service or other Rents thereupon reserved by reason whereof the true Owners and Proprietors of such Mannours Messuages Lands Tenements Hereditaments and Premisses doe not in truth receive to their owne use the full yearely value of the same for which neverthelesse they are by this Act Charged to pay the full Pound Rate of Twelve pence for every Twenty shillings of the true yearely value It is therefore Declared and Enacted by the Authoritie aforesaid That it shall and may be lawfull to and for the Landlords Owners and Proprietors of such Mannours Messuages Lands Tenements Hereditaments and Premisses as are Charged with the Pound Rate as aforesaid to abate and deduct and to retaine and keepe in his or their Hands Twelve pence in the Pound out of every Fee farme Rent and other Annuall Rent or Payment Charged upon or issueing out of the Premisses or any part thereof or thereupon reserved And all and every Person or Persons Bodies Politicke or Corporate being indebted in any Summe or Summes of Money upon Contract for Interest shall for the better enabling them to pay and beare the Rates and Charges herein before respectively Imposed upon them be allowed by vertue of this Act after the Rate of Twelve pence in the Pound out of all such Interest Money which shall be paid and grow due for any time betweene the Thirtyeth day of November One thousand six hundred eighty nine and the Thirtyeth day of November One thousand six hundred ninety by his or their respective Creditor or Creditors out of the Debts soe by them oweing as aforesaid and may and are hereby enabled to deduct retaine and discount the same Any Contract or Agreement Mortgage Bond Condition Provision or other Assurance to the contrary in any wise notwithstanding And all and every person and persons who are or shall be any way Intituled to such: Rents and Annuall Payments are hereby required to allow such Deductions and Payments upon the Receipt of the Residue of such Moneys as shall be due and payable to them as aforesaid And all Tennants are hereby saved harmlesse from any further payment of the Twelve pence in the Pound soe deducted as fully and amply as if the same had beene paid into his Majestyes Exchequer or to such Creditor or other Person to whome the same would otherwise have become due and payable