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The Accountants' Library Volume 4

The Accountants' Library Volume 4


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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1901 Excerpt: ... 600 (full annual value of land) Amount of Assessment under Schedule A The assessment under Schedule B would be one-third of the full annual value (600), which would amount to 200. N.B.--Where the owner is also occupier the homestead is assessed on the basis of a " private house," and is consequently charged with Inhabited House Duty on the higher scale; the amount allowed for repairs is one-sixth of the annual value. Where the occupier is not the owner, the allowance for repairs is one-eighth of the full annual value, and the homestead is assessed for Inhabited House Duty at the rate fixed for business premises. Example 3.--Repairing Lease: --A house rented at fio per annum, tenant bearing the cost of repairs; the Commissioners decide (upon appeal) that the full annual value is JPfib per annum. Although Sub-section (b) of Section 35 allows, in the case of house property, one-sixth off for repairs, in this case the allowance cannot exceed 6, as the net assessment must not be reduced below the actual rent paid in the case of a repairing lease. In regard to the allowance of the tithe rent charge for purposes of the Schedule A assessment, the reader is asked to note that where the tithe owner has not been directly assessed thisdeduction is not made; but in such cases the owner of the land is entitled to deduct tax upon the tithe which he pays to the said tithe-owner, and thereby obtains a return, indirectly, of the additional tax which he has paid under Schedule A. Example 4.--Occupier not being owner, but owner paring rates: --Tithe free (redeemed), rent 400, to include house value 42; rates are 36, land tax (paid by owner) s d s d Rent in full, as above.... 400 o o Less Rates paid by Owner.. 36 o o Net Asses...


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Product Details
  • ISBN-13: 9781236273611
  • Publisher: Rarebooksclub.com
  • Publisher Imprint: Rarebooksclub.com
  • Height: 246 mm
  • No of Pages: 36
  • Spine Width: 2 mm
  • Width: 189 mm
  • ISBN-10: 1236273613
  • Publisher Date: 01 May 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 82 gr


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