BRITISH PROPERTY

Evening Post, Volume CXVII, Issue 112, 14 May 1934, Page 14

BRITISH PROPERTY

SOME STRIKING : FIGURES

Some striking figui-es are given in..the seventy-sixth report .'of the; British Commissioners of Inland Revenue.

; The book shows that 3,500,000 people paid tax, in large oi- small sum's, in the year. l The sum they paid totalled £250,559,973. -Lists are printed showing the estates on which estate duty has been paid. It begins with those not exceeding£3oo gross value;-and there were 32,850 of them. The'estates '.'exceeding £3,000,000" were two. Estates between £800,000 and £l; 000,000 numbered four, those between £1,000,000 and. £1,500,000—one; and those between £2,000,000 and'£3,ooo,oo0 —one. The net capital valuo of these estates* was £515,670,831. •. •:-. : '' All property in Great Britain "is thus analysed:— '

; - ■'■'.- ■ £ Britlsii Government securities 84 SOD 599 Other securities ' 47 413 ogs Stocks, shares, etc., of joint stock ' • ' •

companies. iG3.7fiG.345 Cash ...-..■ :..*.... 42,848,020 Money lent on mortgages, etc. .... 47 4''o 66 Trade assets ':..- '....'.... 15.'076.'964 Insurance policies ............. 82,158 580 Household goods,, china, etc. ..... 9 428 6°9 J' ana "..;...-'.- ;.... 20,812*120 House property & business promises 81,401,631 Ground rents 5,019,180 Mines, minerals, and quarries .... 1183089 Other property: personalty ...... l:j 734 930 realty ........ 1,338,822

The gross value of income, from the ownership of lands, houses, etc., was £481,313,637, and the actual assessable income £.290,484,512. . Out of .tho-*£1;324,708,694 actual assessable incomes derived from profits on businesses and professions, £519,250,005 was in respect of ■ manual workers. All these taxes .were collected at a cost of £8,153,200-^or 1.74 per cent!