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27 Rates And Redemption

Volume 463: debated on Wednesday 6 April 1949

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Resolved:

"That—
  • (a) the amount fixed as that of the land tax attributable to any property for the year ending on the twenty-fourth day of March, nineteen hundred and forty-nine, shall (subject to any provision for apportionment) be the amount chargeable in respect of the property for any subsequent year;
  • (b) land tax shall be compulsorily redeemable at such times and by such persons as may be provided by any Act of the present Session relating to Finance;
  • (c) the capital sum to be paid for the redemption (whether compulsory or not) of the land tax on any property shall (subject to any provision for apportionment) be twenty-five times the amount of the tax for the time being chargeable in respect of the property."