Question

Effects of british land taxes

Answer 1

Answer:

The English land tax was a national property tax introduced by Parliament in 1692. The tax was levied on rental values and applied both to rural and to urban land. No provision was made for re-assessing the 1692 valuations and consequently they remained in force well into the 18th century.[1]

In the 1690s, the tax raised around two million pounds, equating to roughly thirty five per cent of national revenue.[2]

Under what was to prove to be the last of the Penal Laws, Catholic landowners had to pay double the actual assessment of the value of their lands.