land tax


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Related to land tax: property tax, Stamp duty land tax

land tax

n
(Economics) (formerly) a tax payable annually by virtue of ownership of land, abolished in Britain in 1963
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.land tax - a capital tax on property imposed by municipalitiesland tax - a capital tax on property imposed by municipalities; based on the estimated value of the property
capital levy - a tax on capital or property
council tax - a tax levied on households by local authorities; based on the estimated value of the property and the number of people living in it
Translations
References in periodicals archive ?
The second strategy--reform of the land tax in general--could serve as a pretext for the modernization of the land-tax system in Turkestan, with an eye to its potential consequences for the empire.
David Butterworth, of Huddersfield-based chartered accountancy firm Wheawill & Sudworth, said that HMRC's Property Sales Campaign will involve a review of all Stamp Duty Land Tax Returns between April, 2007, and April, 2012.
"More importantly, the decision means that it may also now be possible to obtain a refund of stamp duty land tax (SDLT).
Rocked by the collapse of Hungary's national carrier, Malev, earlier this year, the Eastern European gateway is now facing a large land tax.
The previously unseen returns from ancestry.co.uk show that despite owning plush homes, mansions and palaces, legendary Britons like Nelson, Arthur Conan Doyle, Benjamin Disraeli and even King George III handed over very small amounts of land tax.
Family history website Ancestry.co.uk said more than 12 million tax returns from 1692 to 1932 are in the collection of land tax records.
Seimas' Committee on Rural Affairs has expressed its concern about a new version of the law on land tax, which introduces taxing land according to its market value, but does not completely meet the requirements of agricultural land evaluation criteria, specifically on the main criterion of the land's productivity, reports ELTA.
The values of the Bank of England, the Old Bailey, Fleet Street and Chancery Lane have been obtained from the England Land Tax Valuations of 1910 by Ancestry.co.uk The collection reveals a stark contrast between the property prices of today and a century ago - with the average London property valued at just pounds 14,000 in 1910, compared with pounds 430,500 today.
Land can be treated as an item that has (virtually) a completely inelastic supply, with the quantity being given by 'nature' and so a land tax fulfils this criterion.
A mining company owned by a Rajasthan minister continues to process silica sand and quartz from a quarry that was attached in 2007 for non- payment of land tax.