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National Land Fund
The National Land Fund of the United Kingdom was a sum of money held by HM Treasury for the purpose of securing culturally significant property for the nation as a memorial to the dead of World War II. It was created in 1946. Proposed by Chancellor of the Exchequer, Hugh Dalton, the fund was confirmed in section 48 of the Finance Act 1946 with a sum of £50 million. The fund was never really utilised or developed in the manner that Dalton had envisaged. Nevertheless, despite this under-utilisation, substantial areas of land and numerous buildings were donated to various charities, of which a principal beneficiary was the National Trust which acquired many country houses in the 1940s and 1950s using the fund, beginning with Cotehele in Cornwall. Typically the houses were given to the nation instead of inheritance tax being paid to the Inland Revenue, which was reimbursed from the fund for any shortfall. The value of the fund was reduced to £10 million in 1957 by HM Treasu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
HM Treasury
His Majesty's Treasury (HM Treasury or HMT), and informally referred to as the Treasury, is the Government of the United Kingdom’s economic and finance ministry. The Treasury is responsible for public spending, financial services policy, Tax system, taxation, Infrastructure, state infrastructure, and economic growth. It is led by the Chancellor of the Exchequer, chancellor of the exchequer, currently Rachel Reeves since 5 July 2024. The Treasury's main offices are located in London and Darlington, with additional offices in Edinburgh and Norwich. It is one of the smallest government departments in terms of staff numbers, but widely considered the most powerful. History The origins of the Treasury of England have been traced by some to an individual known as Henry the Treasurer, a servant to King William the Conqueror. This claim is based on an entry in the Domesday Book showing the individual Henry "the treasurer" as a landowner in Winchester, where the royal treasure was sto ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
World War II
World War II or the Second World War (1 September 1939 – 2 September 1945) was a World war, global conflict between two coalitions: the Allies of World War II, Allies and the Axis powers. World War II by country, Nearly all of the world's countries participated, with many nations mobilising all resources in pursuit of total war. Tanks in World War II, Tanks and Air warfare of World War II, aircraft played major roles, enabling the strategic bombing of cities and delivery of the Atomic bombings of Hiroshima and Nagasaki, first and only nuclear weapons ever used in war. World War II is the List of wars by death toll, deadliest conflict in history, causing World War II casualties, the death of 70 to 85 million people, more than half of whom were civilians. Millions died in genocides, including the Holocaust, and by massacres, starvation, and disease. After the Allied victory, Allied-occupied Germany, Germany, Allied-occupied Austria, Austria, Occupation of Japan, Japan, a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chancellor Of The Exchequer
The chancellor of the exchequer, often abbreviated to chancellor, is a senior minister of the Crown within the Government of the United Kingdom, and the head of HM Treasury, His Majesty's Treasury. As one of the four Great Offices of State, the chancellor is a high-ranking member of the British Cabinet. Responsible for all economic and financial matters, the role is equivalent to that of a finance minister in other countries. The chancellor is now always second lord of the Treasury as one of at least six Lords Commissioners of the Treasury, lords commissioners of the Treasury, responsible for executing the office of the Treasurer of the Exchequer the others are the prime minister and Commons government whips. In the 18th and early 19th centuries, it was common for the prime minister also to serve as Chancellor of the Exchequer if he sat in the Commons; the last Chancellor who was simultaneously prime minister and Chancellor of the Exchequer was Stanley Baldwin in 1923. Formerl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hugh Dalton
Edward Hugh John Neale Dalton, Baron Dalton, (16 August 1887 – 13 February 1962) was a British Labour Party (UK), Labour Party economist and politician who served as Chancellor of the Exchequer from 1945 to 1947. He shaped Labour Party foreign policy in the 1930s, opposing pacifism; promoting rearmament against the German threat; and strongly Appeasement, opposed the appeasement policy of Prime Minister Neville Chamberlain in 1938. Dalton served in Winston Churchill's wartime coalition cabinet; after the Dunkirk evacuation he was Minister of Economic Warfare, and established Special Operations Executive. Later in the war he was President of the Board of Trade. As Chancellor in Clement Attlee's Labour Government, he pushed his policy of cheap money too hard, and mishandled the sterling crisis of 1947 in which much of the 1946 Anglo-American loan was wasted. His political position was already in jeopardy in 1947 when he was forced to resign for, seemingly inadvertently, revealing ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Finance Act 1946
A Finance Act is the headline fiscal (budgetary) legislation enacted by the UK Parliament, containing multiple provisions as to taxes, duties, exemptions and reliefs at least once per year, and in particular setting out the principal tax rates for each fiscal year. Overview In the UK, the Chancellor of the Exchequer delivers a Budget speech on Budget Day, outlining changes in spending, as well as tax and duty. The changes to tax and duty are passed as law, and each year form the respective Finance Act. Additional Finance Acts are also common and are the result of a change in governing party due to a general election, a pressing loophole or defect in the law of taxation, or a backtrack with regard to government spending or taxation. The rules governing the various taxation methods are contained within the relevant taxation acts. Capital Gains Tax legislation, for example, is contained within Taxation of Chargeable Gains Act 1992. The Finance Act details amendments to be made to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Trust
The National Trust () is a heritage and nature conservation charity and membership organisation in England, Wales and Northern Ireland. The Trust was founded in 1895 by Octavia Hill, Sir Robert Hunter and Hardwicke Rawnsley to "promote the permanent preservation for the benefit of the Nation of lands and tenements (including buildings) of beauty or historic interest". It has since been given statutory powers, starting with the National Trust Act 1907. Historically, the Trust acquired land by gift and sometimes by public subscription and appeal, but after World War II the loss of country houses resulted in many such properties being acquired either by gift from the former owners or through the National Land Fund. One of the largest landowners in the United Kingdom, the Trust owns almost of land and of coast. Its properties include more than 500 historic houses, castles, archaeological and industrial monuments, gardens, parks, and nature reserves. Most properties are open ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Country House
image:Blenheim - Blenheim Palace - 20210417125239.jpg, 300px, Blenheim Palace - Oxfordshire An English country house is a large house or mansion in the English countryside. Such houses were often owned by individuals who also owned a Townhouse (Great Britain), town house. This allowed them to spend time in the country and in the city—hence, for these people, the term distinguished between town and country. However, the term also encompasses houses that were, and often still are, the full-time residence for the landed gentry who dominated rural Britain until the Reform Act 1832. Frequently, the formal business of the Historic counties of England, counties was transacted in these country houses, having functional antecedents in manor houses. With large numbers of indoor and outdoor staff, country houses were important as places of employment for many rural communities. In turn, until the Great Depression of British Agriculture, agricultural depressions of the 1870s, the est ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cotehele
Cotehele is a medieval house with Tudor additions, situated in the parish of Calstock in the east of Cornwall, England, and now belonging to the National Trust. It is a rambling granite and slate-stone manor house on the banks of the River Tamar that has been little changed over five centuries. It was built by the Edgecumbe family in 1485 after the original Manor House was pulled down. Sir Richard Edgecumbe came into the property after fighting for Henry Tudor in the Battle of Bosworth. He was gifted with money and the original Manor House and estate and then proceeded to build Cotehele. History The house was acquired by William Edgcumbe through his marriage to Hilaria, heiress of Cotehele. The house is one of the least altered of the Tudor houses in the United Kingdom. The outbuildings include a stone dovecote in a remarkable state of preservation. For centuries a second home of the Edgcumbe family, hosting a royal visit from King George III in 1788, it was the first prop ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Inheritance Tax In The United Kingdom
In the United Kingdom, inheritance tax is a transfer tax. It was introduced with effect from 18 March 1986, replacing capital transfer tax. The UK has the fourth highest inheritance tax rate in the world, according to conservative think tank, the Tax Foundation, though only a very small proportion of the population pays it. 3.7% of deaths recorded in the UK in the 2020-21 tax year resulted in inheritance tax liabilities. History Prior to the introduction of estate duty by the Finance Act 1894, there was a complex system of different taxes relating to the inheritance of property, that applied to either realty (land) or personalty (other personal property): # From 1694, probate duty, introduced as a stamp duty on wills entered in probate in 1694, applying to personalty. # From 1780, legacy duty, an inheritance duty paid by the receiver of personalty, graduated according to consanguinity # From 1853, succession duty, a duty introduced by the Succession Duty Act 1853 ( 16 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Inland Revenue
The Inland Revenue was, until April 2005, a department of the British Government responsible for the collection of direct taxation, including income tax, national insurance contributions, capital gains tax, inheritance tax, corporation tax, petroleum revenue tax and stamp duty. More recently, the Inland Revenue also administered the Tax Credits schemes, whereby monies, such as Working Tax Credit (WTC) and Child Tax Credit (CTC), are paid by the government into a recipient's bank account or as part of their wages. The Inland Revenue was also responsible for the payment of child benefit (from 1999). The Inland Revenue was merged with HM Customs and Excise to form HM Revenue and Customs which came into existence on 18 April 2005. The current name was promoted by the use of the expression "from Revenue and Customs" in a series of annual radio, and to a lesser extent, television public information broadcasts in the 2000s and 2010s. History The Board of Taxes The beginning ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Victoria And Albert Museum
The Victoria and Albert Museum (abbreviated V&A) in London is the world's largest museum of applied arts, decorative arts and design, housing a permanent collection of over 2.8 million objects. It was founded in 1852 and named after Queen Victoria and Albert, Prince Consort, Prince Albert. The V&A is in the Royal Borough of Kensington and Chelsea, in an area known as "Albertopolis" because of its association with Prince Albert, the Albert Memorial, and the major cultural institutions with which he was associated. These include the Natural History Museum, London, Natural History Museum, the Science Museum (London), Science Museum, the Royal Albert Hall and Imperial College London. The museum is a non-departmental public body sponsored by the Department for Digital, Culture, Media and Sport. As with other national British museums, entrance is free. The V&A covers and 145 galleries. Its collection spans 5,000 years of art, from ancient history to the present day, from the c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mentmore Towers
Mentmore Towers, historically known simply as "Mentmore", is a 19th-century English country house built between 1852 and 1854 for the Rothschild family in the village of Mentmore in Buckinghamshire. Sir Joseph Paxton and his son-in-law, George Henry Stokes (architect), George Henry Stokes, designed the building in the 19th-century Renaissance revival, revival of late 16th and early 17th-century Elizabethan and Jacobean styles called Jacobethan. The house was designed for the banker and collector of fine art Mayer Amschel de Rothschild, Baron Mayer de Rothschild as a country home, and as a display case for his collection of fine art. The mansion has been described as one of the greatest houses of the Victorian era. Mentmore was inherited by Hannah Primrose, Countess of Rosebery, née Rothschild, and owned by her descendants, the Earl of Rosebery, Earls of Rosebery. Mentmore was the first of what were to become virtual Rothschild properties in the home counties, Rothschild estates ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
