Land and Income Tax (Annual) Act 1965
Archived legislative commentary on the Land and Income Tax (Annual) Act 1965 from PIB vol 26, Sep 1965.
This commentary item was published in Public Information Bulletin Volume 26, September 1965.
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.