Lay subsidy: Difference between revisions
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'''Lay subsidies''' were taxes levied by the English monarchy. The first subsidy was taken in 1207 and began as a tax on individual wealth. From 1334 the system changed so that settlements were taxed as whole entities rather than individual people.<ref>Hadwin, J. F. (1983). "The medieval lay subsidies and economic history", ''The Economic History Review'' 36. p. 201.</ref> | '''Lay subsidies''' were taxes levied by the English monarchy. The first subsidy was taken in 1207 and began as a tax on individual wealth. From 1334 the system changed so that settlements were taxed as whole entities rather than individual people.<ref>Hadwin, J. F. (1983). "The medieval lay subsidies and economic history", ''The Economic History Review'' 36. p. 201.</ref> The records of the 1334 subsidy are the most important economic record of the country since the [[Domesday Survey]] of 1086.<ref>Platt, Colin (1978). ''Medieval England: A Social History and Archaeology from the Conquest to 1600 AD''. Abingdon: Routledge. p. 30. ISBN 0-415-12913-3.</ref> Boroughs were taxed a tenth of their value, while rural settlements were taxed a fifteenth. | ||
==References== | ==References== | ||
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Revision as of 11:29, 1 April 2013
Lay subsidies were taxes levied by the English monarchy. The first subsidy was taken in 1207 and began as a tax on individual wealth. From 1334 the system changed so that settlements were taxed as whole entities rather than individual people.[1] The records of the 1334 subsidy are the most important economic record of the country since the Domesday Survey of 1086.[2] Boroughs were taxed a tenth of their value, while rural settlements were taxed a fifteenth.
References
- ↑ Hadwin, J. F. (1983). "The medieval lay subsidies and economic history", The Economic History Review 36. p. 201.
- ↑ Platt, Colin (1978). Medieval England: A Social History and Archaeology from the Conquest to 1600 AD. Abingdon: Routledge. p. 30. ISBN 0-415-12913-3.