NOT TAXABLE.
CONVERSION ACCRETIONS. CPer Press Association). WELLINGTON, August 11. Relief for_Jtaxpayers from income and unemployment taxes on accretions of capital due to conversion operations was announced to r day by Mr Coates .who said that' it had now been decided that premiums credited on the conversion of Government Stock iepiesented an accretion of capital and weio not assessable for income tax or unemployment tax, except in the cases ot taxpayers whose business or part _ or whose business was to deal in securities. “ A large number of investors and taxpayers are affected by this decision, which will, 'I know, meet with general approval,” said Mr Coates.
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Bibliographic details
Ashburton Guardian, Volume 54, Issue 258, 13 August 1934, Page 8
Word Count
106NOT TAXABLE. Ashburton Guardian, Volume 54, Issue 258, 13 August 1934, Page 8
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