asked the Minister for Finance the standard rate of (a) income tax, (b) surtax, and (c) death duties in each of the years 1956, 1959 and 1963.
Written Answers. - Income Tax, Surtax and Death Duties.
66.
Following are the rates of income tax, surtax and death duties in force for the years 1956-57, 1959-60 and 1963-64:
INCOME TAX
|
Rates in the £ |
|||
|
1956-57 |
1959-60 |
1963-64 |
|
|
First £100 of taxable income |
3s. 0d. |
2s. 9d. |
|
|
Next £100,,,,,, |
6s. 0d. |
5s. 6d. |
6s. 4d. |
|
Remainder,, ,,,, |
7s. 6d. |
7s. 0d. |
|
|
(standard rate) |
(standard rate) |
(standard rate) |
NOTE: As from the year 1960/61 the lower rates of Income Tax were abolished and, in order to provide that this would not result in greater liability in any instance, the married, widowed and single allowances were each augmented by £84.
SURTAX
I. 1956-57 and 1959-60
|
Rates in the £ |
|||||
|
1956-57 |
1959-60 |
||||
|
s. |
d. |
s. |
d. |
||
|
In respectoffirst£1,500 |
of income |
Nil |
Nil |
||
|
,,,,,,next£500 |
,,,,up to£2,000 |
9 |
Nil |
||
|
,,,,,,,,£1,000 |
,,,,,,,,£3,000 |
1 |
6 |
1 |
6 |
|
,,,,,,,,£1,000 |
,,,,,,,,£4,000 |
3 |
0 |
3 |
0 |
|
,,,,,,,,£1,000 |
,,,,,,,,£5,000 |
4 |
0 |
4 |
0 |
|
,,,,,,,,£1,000 |
,,,,,,,,£6,000 |
5 |
0 |
5 |
0 |
|
,,,,,,,,£2,000 |
,,,,,,,,£8,000 |
6 |
0 |
6 |
0 |
|
,,,,,,,,£2,000 |
,,,,,,,,£10,000 |
7 |
6 |
7 |
6 |
|
,,,,,,,,£10,000 |
,,,,,,,,£20,000 |
8 |
0 |
8 |
0 |
|
,,,,,,remainder of income over £20,000 |
8 |
6 |
8 |
6 |
II. 1963-64
|
Rates in the £ |
||
|
s. |
d. |
|
|
In respect of first£2,500 of income |
Nil |
|
|
,,,,,,next £2,000,,,,up to £4,500 |
2 |
6 |
|
,,,,,,,,£3,000,,,,,, ,,£7,500 |
5 |
0 |
|
,,,,,,remainder of income over £7,500 |
7 |
6 |
DEATH DUTIES.
I. Estate Duty
|
1956-57 and 1959-60 |
1963-64 |
||||
|
Where the net principal value of the Estate of the Estate |
Rate of duty per cent. |
Where the net principal value of the Estate value of the Estate |
Rate of duty per cent. |
||
|
Exceeds |
and does not exceed |
Exceeds |
and does not exceed |
||
|
£ |
£ |
£ |
£ |
||
|
2,000 |
3,000 |
1 |
5,000 |
6,000 |
1 |
|
3,000 |
5,000 |
2 |
6,000 |
7,000 |
2 |
|
5,000 |
7,500 |
3 |
7,000 |
8,000 |
3 |
|
7,500 |
10,000 |
4 |
8,000 |
10,000 |
4 |
|
10,000 |
12,500 |
6 |
10,000 |
12,500 |
6 |
|
12,500 |
15,000 |
8 |
12,500 |
15,000 |
8 |
|
15,000 |
17,500 |
10 |
15,000 |
17,500 |
10 |
|
17,500 |
20,000 |
12 |
17,500 |
20,000 |
12 |
|
20,000 |
25,000 |
14 |
20,000 |
25,000 |
14 |
|
25,000 |
30,000 |
16 |
25,000 |
30,000 |
16 |
|
30,000 |
35,000 |
18 |
30,000 |
35,000 |
18 |
|
35,000 |
40,000 |
21 |
35,000 |
40,000 |
21 |
|
40,000 |
45,000 |
24 |
40,000 |
45,000 |
24 |
|
45,000 |
50,000 |
27 |
45,000 |
50,000 |
27 |
|
50,000 |
60,000 |
30 |
50,000 |
60,000 |
30 |
|
60,000 |
75,000 |
33 |
60,000 |
75,000 |
33 |
|
75,000 |
100,000 |
37 |
75,000 |
100,000 |
37 |
|
100,000 |
150,000 |
41 |
100,000 |
— |
40 |
|
150,000 |
200,000 |
45 |
|||
|
200,000 |
250,000 |
49 |
|||
|
250,000 |
— |
53 |
II. Legacy Duty and Succession Duty.
1956-57, 1959-60 and 1963-64
|
Relationship of the beneficiary (or the person of nearer consanguinity whom he or she has married) to the Author of the Bounty. |
Rate of duty per cent. |
|
Husband or wife, child or lineal descendant of child, father or mother or any lineal ancestor |
1 |
|
Brother or sister, lineal descendant of brother or sister |
5 |
|
Any other person, including any related only by natural ties |
10 |
|
In certain cases supplementary rates of Succession Duty to a maximum of 1½ per cent. are chargeable. |