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]

References

  1. ↑ Hadwin, J. F. (1983). "The medieval lay subsidies and economic history", The Economic History Review 36. p. 201.
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