Posted by Viv Wilson on 7th July 2023 in Growing Up In a Stately Home | hoar cross hall,meynell ingram,new years eve,mediaeval banquets,queen victoria,The National Trust,Historic Houses Association,industrial revolution,Edwardian era,victorian era,downton abbey,The Royal Family,aristocracy,Hoar Cross Hall Spa Hotel,Barons Eden
...which the
aristocracy depended, to fall away. The modern form of death duties is inheritance tax but taxes have always been with us! In 1796 tax on estates was introduced to help fund the war against Napoleon. Then in 1894 the government introduced estate duty, a tax on the capital value of land, in a bid to raise money to pay off a £4 million government deficit. This led to many estates having to be sold off as they couldn’t afford the death duties needed to be paid when someone died. Parliament became slightly more representative of the nation; industrial and commercial peers were first introduced in large numbers to the House of Lords by Gladst...