Henry vii royal income

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  • Royal Income
    • Extraordinary Revenue
      • Foregin Policy
        • T of Etaples 1492 = £160,000
      • Church Tax
        • Sell roles in church - often given when parliament does
        • 1489 - gave £25,000
      • Tax
        • Main form of extraordinary revenue
        • H7 = v. cautious - Only asked as one offs e.g. Scotland + Brittany
        • V. unpopular e.g. Yorkshire + Cornish rebellions
      • Benevolences
        • Gift to king - forced loan usually in time of crisis
        • 1491 - £48,000 due to Warbeck + war w/France
      • Targetting nobles
        • Bonds + Recognizances
        • Acts of Attainder
        • Council Learned
    • Ordinary Revenue
      • Customs due from trade
        • Custom duties = important tax - tonnage & poundage
        • £40,000 a year under H7
        • Increase in smuggling
      • Profits of Justice
        • Commit a crime, pay a fine
        • Cornwall + Devon fined £15,000 after rebellion
        • Earl of N.land fined £10,000 for ****
      • Fuedal Dues
        • Wards to King
          • Wardship increases (War of the Roses)
          • Young noble would pay to inherit land
        • Crown Land
          • 1485 - £12,000 a year --> 1509 = £42,000
          • King = lanrge landowner
          • Most important source of ordinary revenue
          • 1486 Act of Resumption = crown took land from Yorkist nobles
            • more royal land to rent
        • 1504 H7 granted feudal aid
          • nobles must pay for the priviledge to have son knighted

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