LAND TAX
Jan 11, 2022
3 minutes
Before income tax was introduced in 1799, the most practical way of assessing wealth was valuing property – not least because land could not be hidden away. Land tax was introduced in England and Wales (not Scotland) in 1693 to replace the unpopular, inefficient hearth tax. It began as a ‘poundage’ – a certain sum per pound of property value.
After five years, this was replaced by a quota system. Every county had to raise a specific sum of money each year.
You’re reading a preview, subscribe to read more.
Start your free 30 days