SUPER LAND TAX
CANTERBURY OBJECTORS. ESTIMATED' AND ACTUAL. , MINISTER REVIEWS (POSITION. {Per Press Association.) WELLINGTON, This Day. Five hundred and eighty-seven applications have been received under the hardship clause of the super land tax legislation of last session. Of these, 247 'are from Canterbury.
The Commission began its sittings on December 16, and lias given no final decisions yet. Objectors will be heard in person if they consider that sufficient relief has not been given, the Minister of 'Lands (the Hon. G. W. F6rb3s) says, as considerable doubt has been cast upon the Tax Department's estimates regarding .the comparatively limited number of landowners likely to be affected by the change in mortgage exemption from the £IO,OOO maximum.
It. is interesting to company..those estimates with the actual figures now available. The number estimated as likely to be affected was 1800. The actual number is 1890. The estimated additional revenue was £25,000, and the actual is £24,000. The estimated number affected by the special land tax was 1450, and the actual figure is 1500, while the revenue, estimated at £300,000, is actually £315,000.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/AG19300118.2.54
Bibliographic details
Ashburton Guardian, Volume 50, Issue 83, 18 January 1930, Page 6
Word Count
181SUPER LAND TAX Ashburton Guardian, Volume 50, Issue 83, 18 January 1930, Page 6
Using This Item
Ashburton Guardian Ltd is the copyright owner for the Ashburton Guardian. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Ashburton Guardian Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.