PART IIIncome Tax

14Super-tax for 1925-26

(1)

The rates of super-tax for the year 1925-26 shall, for the purposes of section four of the Income Tax Act, 1918, as amended by any subsequent enactment, be as follows :—

In respect of the first two thousand pounds of the income

Nil

In respect of the excess over two thousand pounds—

  • For every pound of the first five hundred pounds of the excess

Ninepence.

  • For every pound of the next five hundred pounds of the excess

One shilling.

  • For every pound of the next one thousand pounds of the excess

One shilling and sixpence.

  • For every pound of the next one thousand pounds of the excess

Two shillings and threepence.

  • For every pound of the next one thousand pounds of the excess

Three shillings.

  • For every pound of the next two thousand pounds of the excess

Three shillings and sixpence.

  • For every pound of the next two thousand pounds of the excess

Four shillings.

  • For every pound of the next five thousand pounds of the excess

Four shillings and sixpence.

  • For every pound of the next five thousand pounds of the excess

Five shillings.

  • For every pound of the next ten thousand pounds of the excess

Five shillings and sixpence.

  • For every pound of the remainder of the excess

Six shillings.

(2)

All such enactments relating to super-tax as were in force with respect to the super-tax granted for the year 1924-25 shall have full force and effect with respect to the super-tax granted under this section.