A TAXATION QUESTION.

Auckland Star, Volume LIII, Issue 249, 20 October 1922, Page 5

A TAXATION QUESTION.

J ARGUED IK APPEAL COfKT. (Bjr T«:«g»epb'—Pre«« Association I WELLINGTON , , this d*y. The Appeal Cotirt heard argument this morning in the case of T. F. MaeFfcrlwie and others versus the Commissioner of Taxee. A e*se was elated for the Court under *ection 'io of the Land and Income Ta* Act, 1910. Tlie quaetiens inToKeii were: (1) Is the Commissioner entitled to treat ac income the ditfe/ence between the standard value of flocka and herds fa« agis»e4 upon between the taxpayer and Commissioner) and the actual market rahie of tlie came locks aisd herds at the date of the taxpayer's death? or 1 (2) alternatively, if the Commissioner i« not to entitled, ie he entitled to treat the traaafer of floekg to beneficiarlee under the taxpayer's will m a aele or dtopoeHioD within the meaning of the I*nd and Income Tax Act! Mr. Aodrewn (with him Mr. Acland. of Chrietehurch) appeared for uppwllants, and Mr. M«o----iiregor (6«!icitor-<{*BeTi»!), with him Mr. A. Fair, for the Commissioner of T»3tos. Mr- Andrews, for appellant*, coutended that Vμ Compsieeioner tbs tic? Ito the standard value »t Ihe d»te of ! a»th.