Finance Act 1930

9Alteration of higher rates of income tax for 1929-30

Income tax for the year 1929-30 in respect of the excess of the total income of an individual over two thousand pounds shall, instead of being charged in pursuance of section one of the [19 & 20 Geo. 5. c. 21.] Finance Act, 1929, at the same higher rates as were charged for the year 1928-29, be charged at rates in the pound which exceed the standard rate by the amounts specified in the second column of the following Table:—

TABLE.
In respect of the first five hundred pounds of the excessOne shilling.
In respect of the next five hundred pounds of the excessOne shilling and threepence.
In respect of the next, one thousand pounds of the excessTwo shillings
In respect of the next one thousand pounds of the excessThree shillings.
In respect of the next one thousand pounds of the excessThree shillings and sixpence.
In respect of the next two thousand pounds of the excessFour shillings.
In respect of the next two thousand pounds of the excessFive shillings.
In respect of the next five thousand pounds of the excessFive shillings and sixpence.
In respect of the next five thousand pounds of the excessSix shillings.
In respect of the next ten thousand pounds of the excessSix shillings and sixpence.
In respect of the next twenty-thousand pounds of the excessSeven shillings.
In respect of the remainder of the excessSeven shillings and sixpence.