Land and Income Tax (Annual) Act 1965

This commentary item was published in Public Information Bulletin Volume 26, September 1965.

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Land And Income Tax (Annual) Act 1965

SECTION 1 - Short title.

SECTIONS 2, 3 and 4 - Fix the rates of land tax, ordinary and social security income tax and excess retention tax for the year commencing 1 April 1965. These rates continue the 10% (maximum £100) ordinary income tax rebate for individuals, and the land tax rebate of 50% of the tax assessed.

SECTION 5 - Fixes the rate of bonus issue tax for the same year at the rate of 3/6 in £1.