Page:Public General Statutes 1896.djvu/342

322 the several Schedules A., B., C, D., and R in the Income Tax Act, 1853, the tax at that rate:

for every twenty shillings of the annual value or amount of property, profits, and gains chargeable under Schedule A., C., D., or E. in the said Act; and

for every twenty shillings of one third of the annual value of lands, tenements, hereditaments, and heritages chargeable under Schedule B. in the said Act in respect of the occupation thereof.

(2.) The deduction of one eighth out of the duties chargeable under Schedule B. shall cease.

(3.) All such enactments relating to income tax as were in force on the fifth day of April one thousand eight hundred and ninety-six shall have full force and effect with respect to the duties of income tax hereby granted, so far as those enactments are consistent with this Act.

27. For the purposes of any claim to exemption, relief, or abatement from income tax, the income arising from the occupation of lands, tenements, hereditaments, and heritages chargeable under Schedule B. in the Income Tax Act, 1853, shall be taken to be one third of the annual value thereof under that schedule, except that if any person occupying, either as owner or otherwise, any lands for the purpose of husbandry only shows at the end of any year, to the satisfaction of the General Commissioners of Income Tax, that his profits and gains arising from the occupation of lands during the year fell short of one third of the said annual value thereof, the income arising from the occupation shall be taken at the actual amount of such profits and gains, and if the whole of the income tax has been paid, the amount overpaid shall be certified and repaid in manner provided by section one hundred and thirty-three of the Income Tax Act, 1842

Any owner or other person in receipt of the rent of any lands, although not the occupier thereof, who is aggrieved by the amount of the annual value of the lands, as ascertained for the purpose of the assessment made thereon under Schedule A. in the Income Tax Act, 1853, shall have the same right of appeal to the General Commissioners of Income Tax as if the assessment were made upon him, and section fifty-seven of the Taxes Management Act, 1880, shall apply accordingly.

29. The annual value of any property which has been adopted for the purpose either of income tax under Schedules A and B. in the Income Tax Act, 1853, or of inhabited house duty, during the year ending on the fifth day of April one thousand eight hundred and ninety-six, shall be taken as the annual value of such property for the same purpose during the next subsequent year; provided that this section,—

(a) so far as respects the duty on inhabited houses in Scotland, shall be construed with the substitution of the twenty-fourth day of May for the fifth day of April; and

(b) shall not apply to the metropolis as defined by the Valuation (Metropolis) Act, 1869