Pages: (Hardcover) Pub: The Estates Gazette, London Pub date: 1910 Amazon.co.uk Sales Rank: 1612174
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Reader Reviews:From the Introduction........ (0/0 people found this helpful)The feature calling for most particular notice in the Finance Act is the necessity for the valuation of all land. The Commissioners are, as soon as possible, to value all land in the United Kingdom; even land, which for one reason or another is exempt from taxation, does not escape from this requirement (Section 26). The unit of valuation is each piece of land under separate occupation, Section 26; but each piece under separate occupation may be sub-divided and the values of the whole piece apportioned among the sub-divided portions, Section 29. The values to be ascertained by the Commissioners are the total value, the site value, and, in the case of agricultural land, the value of the land for agricultural purposes. Four kinds of values are defined by the Act, namely--- THE GROSS VALUE OF LAND; THE FULL SITE VALVE OF LAND; THE TOTAL VALUE OF LAND; and THE SITE VALUE OF THE LAND.
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