Tag: Personal Tax
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Capital Gains Tax
Definition of Capital Gains Tax In accordance with the work A Dictionary of Law, this is a description of Capital Gains Tax : A tax charged on gains arising from the disposal of assets. The tax due is a proportion of the chargeable gain, which in general terms is the amount by which the […]
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Conveyance Tax
Conveyance tax in the Context of Mortgages A tax imposed on the transfer of real property. Similar Terms Conveyance Conveyance The transfer of title of property. Conveyancer Conveyancer A specialist in the legal aspects of buying a house. This may be a solicitor but not all solicitors are […]
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Direct Tax
History Almost at the opening of the age of parliamentary taxation one of the older sources of revenue ceased. The pressure of popular opinion forced Edward I. to decree the expulsion of the Jews (1290), though he naturally desired to retain such profitable subjects. It is, indeed, probable […]
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Tax System History
Note: there is some information about the history of direct taxation here; and on the history of indirect taxation here. The direct taxation took the shape of a “monthly assessment” which was fixed from time to time, and which was collected under strict regulations, in marked contrast to […]
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Council Tax
Definition of Council Tax In accordance with the work A Dictionary of Law, this is a description of Council Tax : A form of local tax levied on all private households (with some exceptions) to contribute to the cost of local government. It was introduced by the Local Government Finance Act […]
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Council Tax
Definition of Council Tax In accordance with the work A Dictionary of Law, this is a description of Council Tax : A form of local tax levied on all private households (with some exceptions) to contribute to the cost of local government. It was introduced by the Local Government Finance Act […]