BMB4/1/18/6

Hoo Farm and other properties at Pertenhall; Miss Dora Martyn

1913-1914; 1918-1919; 1921

From: 1913 To: 1921

The papers dated 1913-1914 relate to valuations for Increment Value Duty under the 1910 Finance Act , including negotiations with the District valuer. There is also reference to estate duty on an annuity financed from the farm. [Increment value duty was a UK tax based on The Finance (1909-1910) Act (10 Edw. VII, c.8) in response to the unequal ownership of land in the early 20th century. The tax was based on the increase in value of property due to public expenditure on roads, drainage, building of parks etc., described as unearned increment. The tax was based on the difference between the amount of two valuations. Section 26(1) of the Act required the Board of Inland Revenue to ascertain the site value of all land in the United Kingdom as on 30 April 1909. This value constituted the "datum line" for the purposes of increment value duty. Any subsequent sale or grant of a lease, or transfer of an interest in a piece of land, or the subsequent death of a land-owner, provided the occasion for a potential payment of increment value duty; the site value at that date had then to be determined.] The 1918-1919 papers relate to a sale of Hoo Farm to the sitting tenant, W. Cook, and estate duty payable for Miss Emma Martyn, who had a 1/3 share in the Pertenhall properties. The 1921 papers relate to the stamp duty payable on the sale of 'Horn' Farm and 'Gunsbury' Farm.

sub-file

Martyn, Dora,
Martyn, Emma,
Cook, W.

PERTENHALL, Pertenhall Hoo Farm, Pertenhall farms, Pertenhall Horne Farm, Pertenhall Gunnersbury Farm, District Valuer, Finance Act 1910, Estate Duty, annuities, stamp duties, general taxation