Henry vii royal income
- Created by: EmThompson
- Created on: 20-04-19 13:01
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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
- Foregin Policy
- 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
- Wards to King
- Customs due from trade
- Extraordinary Revenue
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