Warning
Info
Warning
Info
Simple English definitions for legal terms
land revenue
Read a random definition: inter vivos transfer
A quick definition of land revenue:
Land revenue refers to the money earned from lands owned by the government. In Great Britain, these lands were owned by the Crown, but over time they have been mostly granted to individuals. The government earns money from taxes, fees, and other sources, which is used to pay for things like schools, hospitals, and roads. Marginal revenue is the amount of money earned from selling one more unit, while public revenue is the total income earned by the government.
A more thorough explanation:
Definition: Land revenue refers to the income or receipts generated from lands owned by the Crown in Great Britain. Over the years, crown lands have been largely granted to subjects, so the revenue is now derived from a limited amount of land.
Examples: The revenue generated from the rental of government-owned land or the sale of timber from government-owned forests is considered land revenue. In Great Britain, the revenue generated from the Crown Estate, which includes properties such as Windsor Castle and the Crown Jewels, is also considered land revenue.
Explanation: Land revenue is a type of revenue that is generated from land owned by the government. The examples illustrate how the government can earn revenue from land by renting it out or selling resources such as timber. In Great Britain, the Crown Estate is a prime example of land revenue, as it generates income from properties owned by the Crown.