Finance Act 1958

1. Introductory Text

2. PART I Purchase Tax

   1. 1. Rates of tax, and descriptions of chargeable goods

   2. 2. Meaning of " business "

3. PART II Customs and Excise

   1. 3. Entertainments duty

   2. 4. Wines

   3. 5. Sweets

   4. 6. Repeal of spirits duty on certain methyl alcohol

   5. 7. Date and periods of road vehicle licences

   6. 8. Use of motor vehicle unlicensed an way to or from compulsory test, etc.

   7. 9. Use of trade licences for collection and delivery of road vehicles

   8. 10. Extension of time for repayments to tobacconists on pensioners' tokens

   9. 11. Dog licences

4. PART III Income Tax

   1. 12. Charge of tax for 1958-59

   2. 13. Surtax rates for 1957-58

   3. 14. Increase of personal reliefs

   4. 15. Increase of certain initial allowances

   5. 16. Fees and subscriptions to professional bodies, learned societies, etc.

   6. 17. Amendment as to reliefs in respect of property belonging to charities and certain other institutions or occupied by ministers of religion

   7. 18. Purchases of shares by financial concerns and persons exempted from tax

   8. 19. Disallowance for certain purposes of dividends paid out of accumulated profits

   9. 20. Settlements on children

   10. 21. Revocable settlements and settlements made abroad

   11. 22. Settlements-discretionary power for benefit of settlor, and c,

   12. 23. Time limits

   13. 24. Penalty for incorrect accounts

5. PART IV The Profits Tax

   1. 25. Change of rate, and basis of charge

   2. 26. Amendments as to special classes of business

   3. 27. Time limit for assessments and claims for relief

6. PART V Estate Duty

   1. 28. Purchases of interests in expectancy

   2. 29. Effect of presumptions as to order of deaths

   3. 30. Quick successions

   4. 31. Works of art, etc. bought at auction for public collections

   5. 32. Power to give property in satisfaction of death duty

   6. 33. Relief in cases of demolition or clearance orders

7. PART VI Stamp Duties

   1. 34. Conveyances on sale, etc.

   2. 35. Miscellaneous amendments

8. PART VII Miscellaneous

   1. 36. Exchequer advances to nationalised industries and undertakings

   2. 37. Pensions under Overseas Service Act, 1958 (income tax and estate duty)

   3. 38. Annuities under Tithe Acts, 1936 and 1951

   4. 39. Winding up of Treasury Chest Fund

   5. 40. Short title, construction, extent and repeal

9. SCHEDULES

   1. FIRST SCHEDULE

      Substantive Changes in Purchase Tax Rates, etc.

   2. SECOND SCHEDULE

      Purchase Tax (New List of Chargeable Goods, etc.)

      1. PART I List of Chargeable and Exempt Goods, and Rates of Tax

      2. PART II Consequential Amendments of References

         1. 1. (1) In the Finance Act, 1950— (a) for the reference...

         2. 2. Subject to the foregoing paragraph (and to any repeal made...

   3. THIRD SCHEDULE

      Wines (Rates of Customs Duty)

   4. FOURTH SCHEDULE

      Sweets (Rates of Excise Duty)

   5. FIFTH SCHEDULE

      Statutory Fees and Contributions eligible for Deduction under Section Sixteen

   6. SIXTH SCHEDULE

      Extension of Time Limits

      1. PART I Claims, Elections, etc.

         1. 1. There shall be substituted— (a) in each of the enactments...

         2. 2. There shall be substituted— (a) in each of the enactments...

         3. 3. This Part of this Schedule shall be deemed to have...

         4. 4. Such repayments of tax, reductions of assessments and additional assessments...

      2. PART II Appeals, etc.

         1. 5. There shall be substituted in each of the enactments shown...

   7. SEVENTH SCHEDULE

      Profits Tax (Transitional Provisions)

      1. 1. (1) Subject to the provisions of this paragraph, Where, in...

      2. 2. (1) Any notice given by a principal company under subsection...

   8. EIGHTH SCHEDULE

      Estate Duty (Quick Successions)

      1. 1. (1) The net value after the earlier death of any...

      2. 2. (1) Property to which the (second) deceased is at his...

      3. 3. (1) The provisions of this paragraph shall have effect where...

      4. 4. (1) The provisions of this paragraph shall have effect where...

      5. 5. For the purposes of section thirty of this Act and...

      6. 6. In this Schedule " death duties " includes duties payable...

   9. NINTH SCHEDULE

      Enactments Repealed

      1. PART I Customs, Excise and Purchase Tax Repeals

      2. PART II Profits Tax Repeals

      3. PART III Stamp Duty Repeals

      4. PART IV Miscellaneous Repeals