Lay subsidy
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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.[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.