5. Ministers' Stipend. 



6. Heritor's Assessmetit. i 



Il6 TRANSACTIONS OF ROYAL SCOTTISH ARBORICULTURAL SOCIETY. 



Income Tax (Sen. D). — On the average profit on the basis 

 of three years in respect of woodlands managed on a 

 commercial basis. 



3. Super Tax. — On the basis of Income Tax (Sch. A and 



Sch. B or D). 



r 7 -, \ These burdens are imposed in respect 



4. Land Tax. j f 

 */n-2.+.-j q*:j.„„j \ °" tne ownership of the estate as a 



( whole, including the annual value 

 of the woodland areas thereon. 



7. County Assessments. — On the gross annual value of the 



land — both as proprietor and occupier. 



8. Parish Rates. — On the gross annual value, subject to a 



varying deduction allowed by the Rating Authority — 

 both as proprietor and occupier. 



„ , . _. , \ On the capital value of the land and the 



9. Estate Duty. r 



~ , > timber thereon as at the date of the 



10. succession Duty, j 



/ succession. 



Note. — Assuming the succession to have taken place after 

 30th April T909, the payment of the duty applicable to the 

 capital value of the timber (" after deducting all necessary out- 

 goings since the death of the deceased ") is postponed until the 

 realisation thereof, the rate of the duty payable being determined 

 by the value of the remainder of the estate without aggregation. 



From the foregoing statement of burdens it will be observed : — 



1. That woodlands are in the same position with regard to 



taxation and Death Duties as other classes of heritable 

 property, subject to the postponement of the payment of 

 Estate Duty and Succession Duty until the realisation of 

 the crop in the case of the timber ; and 



2. That in the case of Income Tax (Sch. B) and local burdens 



no allowance is made in respect of the very considerable 

 period which must elapse before the realisation of the 

 crop of timber as compared with an ordinary agricultural 

 crop. 



For the purposes of this Memorandum it is only proposed to 

 deal with the incidence of 



Income Tax and Super Tax 



in view of the necessity of obtaining the modification or 

 re-adjustment thereof in respect of the special circumstances 



