Income Tax Act 1805

Officers of Corporations to be charged for them, and Estimates made.

CXVII. And be it further enacted, That every such Officer before described of any Corporation, Fraternity, Fellowship, Company, or Society, not otherwise to be charged as aforesaid, shall also, within the like Period, prepare and deliver in like Manner a Statement of the Balance of the profits and Gains to be charged on such Corporation, Fraternity, Fellowship, Company, or Society, computed according to the Directions of this Act, together, with such Declaration of the Manner of estimating the same as aforesaid; and such Estimate shall be made on the Amount of the Balance of the annual Profits and Gains of such Corporation, Fraternity, Fellowship, Company, or Society, before any Dividend shall have been made thereof to any other Person or Persons, or publick Bodies having any Share, Right, or Title in or to such Profits or Gains, and all such other Person or Persons, and publick Bodies shall allow out of such Dividends a proportionate Deduction in respect of the Duty so charged, provided that nothing herein-before contained shall be construed to require in such Statement the Inclusion of Salaries, Wages, or Profits of any Officer of such Corporation, Fraternity, Fellowship, Company, or Society, otherwise chargeable under this Act: Provided also, that the Statements of the several Companies of the Bank, East India, and South Sea, shall be made exclusive of the Dividends and the Profits attached thereto, and to be divided amongst the Proprietors of the respective Stocks belonging to such Companies.