Increment Value - Definition - Law Dictionary Home Dictionary Definition increment-value

Definition :

Increment value. The Finance (1909-10) Act, 1910 (10 Edw. 7, c. 8), imposed (ss. 1-42) a duty charged on the amount, if any, by which the site value of the land on the occasion on which the charge is made exceeds the original site value of the land. This was called the increment value of land. With the exception of mineral rights duty, these duties were abolished by s. 57 of the Finance Act, 1920.