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William Harcourt, successful promoter of 1894 reforms. The succession duty's taxation of the life interest in real property, as opposed to its full capital value, was seen to be unfair to heirs of different ages, as elder heirs effectively received a life interest that was lower in value than one received by a younger heir, even when they were shares in the same property.
Gladstone as a child in 1887 with his famous grandfather. Gladstone was born on 14 July 1885. [3] His father, William Henry Gladstone (1840–1891), was the eldest son of the Liberal Prime Minister William Ewart Gladstone and his wife Catherine, and his mother was the Hon. Gertrude Gladstone, daughter of Charles Stuart, 12th Lord Blantyre.
Gladstone's dividing line set up in 1853 had been abolished in 1858 but Gladstone revived it, with lower incomes to pay 6½d. instead of 9d. For the first half of the year, the lower incomes paid 8d. and the higher incomes paid 13d. in income tax.
In the former year the probate and legacy duties brought in about one million pounds; the other direct taxes; even including the house duty, did not raise the total to £3,000,000. In 1908 the direct taxation of property and income supplied £51,500,000, or one-third of the total receipts as against less than one-twentieth in 1840.
After campaigning against the foreign policy of the Beaconsfield ministry, William Gladstone led the Liberal Party to victory in the 1880 general election.The nominal leader of the Party, Lord Hartington, resigned in Gladstone's favour and Gladstone was appointed Prime Minister of the United Kingdom for a second time by Queen Victoria.
Advertisement duty was abolished in 1853, followed by newspaper stamp duty in 1855. The paper duty was removed in 1861. [ 33 ] William Gladstone , as Chancellor of the Exchequer, repealed the paper duties, but only after a false start in 1860, when the House of Lords rejected his bill, against conventions on financial issues.
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It was created on 18 July 1846 for the Scottish businessman slave-owner and politician John Gladstone, [1] father of four-time prime minister William Ewart Gladstone. Born John Gladstones, the son of the merchant Thomas Gladstones, John assumed by royal licence the surname of Gladstone (without the "s" at the end) in 1835.