The Finance (1909-10) Act 1910 provides that in certain events duty shall be payable on the increment value of any land, and that such increment value shall be deemed to be the amount (if any) by which the site value of the land, at the time of the collection of the duty, exceeds the assessable site value of the land as ascertained originally in accordance with the general provisions of the Act as to valuation.
Held 9rev. judgment of the Valuation Appeal Court) that the assessable site value of land within the meaning of the Act might be a minus quantity.
Circumstances in which, in an appeal at the instance of the Crown from the Valuation Appeal Court to the House of Lords arising out of the construction of the Finance (1909-10) Act 1910, in which the Crown were successful, their Lordships, in respect that the point was an entirely novel one, made no order as to costs.
Lord Chancellor (Haldane), Lord Atkinson, Lord Shaw, and Lord Moulton
[1913] UKHL 569, 50 SLR 569
Bailii
Scotland
Taxes – Other
Updated: 04 January 2022; Ref: scu.632744