60 INCOME TAX 
Carry out the net amount, and against it (if a repay- 
ment claim) the tax paid, as follows: 
Income. Tax paid. 
gs. 4d. £54 
24, Green Street, Banbury .. 25 00* 6 5 0f 
26, Do., void from Sept. to 
: Xmas .. “en 1815 0 4 13 9% 
Enter at the bottom of the claim in the space provided 
particulars of the ground rent and mortgage, if any, 
so as to ensure a proper deduction from your gross 
income. 
2. Occupation of Lands.—Enter the assessed value 
(Schedule B), and, if needful, the tax paid. If you 
have already appealed against it with success, give 
the adjusted figures. 
3. Interest.—Separate the items of your invest- 
ments into taxed and untaxed. Some of the recent 
Government issues (War Loan, War Bonds, Exchequer 
Bonds) are untaxed, so is Post Office Savings Bank 
Interest, and very small dividends from Consols, 
etc., but the majority of investments pay tax before 
the interest reaches you. You may take it that all 
dividends from Companies do, or any interest re- 
ceived through a bank except interest on your 
deposit account, but there may be some interest on 
private loans that comes to you in full. Show this as 
untaxed. It is the borrower’s business to deduct the 
tax, and if he does not he has to bear the loss, but this 
does not relieve you from liability to pay on it. 
* These houses are supposed to be let for £30 yearly; one- 
sixth is deducted for repairs (vide p. 17). 
t This is the rate for 1917-18.