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Finance Act 1925

  1. Introductory Text

  2. PART I Customs and Excise

    1. 1.Duty on tea

    2. 2.Continuation of increased medicine duties

    3. 3.Customs duties on motor cars, musical instruments, clocks, films, &c

    4. 4.Customs duties on silk and artificial silk

    5. 5.Excise duty on artificial silk

    6. 6.Customs duty on lace

    7. 7.Customs duty on imported hops, and consequential modifications of beer duties and drawbacks

    8. 8.Imperial preference in respect of sugar, &c

    9. 9.Imperial preference in respect of other goods

    10. 10.Definition of value for purposes of ad valorem duties

    11. 11.Provision as to re-importation of certain goods charged with duty by Act

    12. 12.Extension of s. 14 of Finance Act, 1924, to tea shipped as stores

  3. PART II Income Tax

    1. 13.Income tax for 1925-26

    2. 14.Super-tax for 1925-26

    3. 15.Allowances in respect of earned income and allowances from total income of persons of age of 65 years

    4. 16.Allowance of deduction for wear and tear in case of profits of professions, &c, and of profits arising from occupation of land

    5. 17.Non-resident persons not to be chargeable to income tax in name of certain agents

    6. 18.Assessment of weekly wage-earners to be half-yearly instead of quarterly

    7. 19.Claims for exemption in respect of income of charities and for repayment of tax in respect of interest paid to banks, and right of appeal in connection therewith

    8. 20.Provision as to income tax on dividends of certain securities vested in custodian or administrator of enemy property

    9. 21.Continuation of s. 21 of Finance Act, 1923

  4. PART III Death Duties

    1. 22.Amended rates of estate duty

    2. 23.Estate duty in respect of agricultural property to be charged in part on agricultural value at rate under Finance Act, 1919

    3. 24.Determination for purposes of succession duty of date on which succession arises

  5. PART IV General

    1. 25.Liability of Dominion Governments to taxation in-respect of trading operations

    2. 26.Further relief from tax in respect of income of High . Commissioners, Agents-General and their staffs

    3. 27.Continuance during -current financial year of s. 58 of 10 & 11 Geo. 5. c. 18

    4. 28.Construction, short title, application and repeal

  6. SCHEDULES.

    1. FIRST SCHEDULE

      Enactments applied for purpose of duties imposed by Section 3

      1. Subsections (1), (3), (4), (5) and (6) of s. 13 of Finance (No. 2) Act, 1915

      2. S. 12 of Finance Act, 1922

      3. S. 9 of Finance Act, 1923

    2. SECOND SCHEDULE

      1. PART I Customs Duties

      2. PART II Drawbacks

      3. PART III Provisions as to Duties and Drawbacks

        1. 1.In calculating for the purpose of any duty or drawback...

        2. 2.Where the weight of the moisture contained in any raw...

        3. 3.Where any article chargeable with a duty under this Schedule...

        4. 4.Where any article chargeable under this Schedule with a duty...

        5. 5.Subject to such conditions as the Commissioners may impose, the...

        6. 6.Where it is shown to the satisfaction of the Commissioners...

        7. 7.If, on the importation into Great Britain or Northern Ireland...

        8. 8.The Commissioners may make regulations for relieving from any duty...

        9. 9.Where a specified amount of duty is charged or a...

        10. 10.Subject to such conditions for safeguarding the revenue as the...

        11. 11.In calculating the amount of the drawback payable in respect...

        12. 12.No drawback shall be payable in respect of any article...

        13. 13.No drawback shall be payable under this Schedule in respect...

        14. 14.Section one hundred and six of the Customs (Consolidation) Act,...

        15. 15.The Commissioners may, in relation to any articles to which...

        16. 16.The Commissioners may make regulations requiring persons having been concerned...

        17. 17.In this Schedule, unless the context otherwise requires, the following...

      4. PART IV Alternative Scale of Drawbacks in respect of Artificial Silk

    3. THIRD SCHEDULE

      1. PART I Preferential Reductions of Customs Duties in case of Sugar, Molasses, Glucose and Saccharin

      2. PART II Preferential Rates in case of Tobacco, Currants, Dried Fruits and Wine

      3. PART III Preferential Rates in respect of the new Customs Duties

    4. FOURTH SCHEDULE

      Scale of Rates of Estate Duty

    5. FIFTH SCHEDULE

      Enactment Repealed