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RefNoKIR/5
AltRefNoIR5
TitleLand Values Duties [otherwise known as the Valuation Office survey: land value and ownership 1910-1915]
DescriptionThe valuation was initiated by the Finance (1909-1910) Act (10 Edw. VII, c.8 section 26(1)) which provided for the levy and collection of a duty on the increment value of all land in the United Kingdom.

The main object of the Act was to tax that part of the capital appreciation of real property which was attributable to the site itself, i.e. excluding that arising from crops, buildings and improvements paid for by the owners. In this way, private owners were required to surrender to the State part of the increase in the site value of their land which resulted from the expenditure of public money on communal developments such as roads or public services.

Increment value duty, as this levy was called, was based on the difference between the amount of two valuations. The site value as at 30 April 1909 constituted the ‘datum line’ for the purposes of increment value duty. A second site value was to be taken on the occasion of any subsequent sale or grant of a lease, or transfer or interest in a piece of land, or the subsequent death of a land owner, to determine any potential payment of increment value duty. The assessment of the site value on subsequent occasions was a recurring operation which formed part of the role of the Valuation Office until increment value duty was repealed by the 1920 Finance Act (10 and 11 Geo. V, c.18).

[http://www.nationalarchives.gov.uk/help-with-your-research/research-guides/valuation-office-survey-land-value-ownership-1910-1915/. Accessed Nov 2015]
Date1910-1920
CreatorNameBoard of Inland Revenue
RepositoryHuntingdonshire Archives
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