BRITISH LAND TAXES.
THE CLOSURE. , (By Telegraph,'-Press Association.-OoeyrlghU
■ ■..■,■ (Rcc. Juno 29, 10 p.m.) London, Juno 29. „In. Hollse of Commons the Qoyernmcnt applict} - tlio thus carrying tlio subsection of tlto first clause of the Finance M relating, to, tho; tax of 20 per cent.' mr tho unearned■ increment of land..'- /•'
■ -A : long debate preceded tlio ■ closure. The Chancellor of tho Kschequor, Mr.- LloydGeorgo, .promised: to consider amendments at. a later stage. . ,'y.' ■ ■- '■■
Mr. Balfour, , Loader of tho > Opposition, described ; tho'provisions relating to landowners exceedingly, annoying and dostincd to prevent sales.
[Wtt. -Balfour's, point that the fox is destined f° prorent sales is no .doubt founded on.the Mcttnat the tax is not an annual affair, but if to bo . 'levied when the' land is sold or when it.; paS3oai on , tho death of tho possessor to his hoir. V In tho case of ' companies, however, they will bo required to pay'thorax 'at stated intervals i but at tho Samo timo they will lie allowed .to spread the payments of the •' tax over \a nuiiiberr of ; - years ■in , annual instaK ments.J ,
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Bibliographic details
Dominion, Volume 2, Issue 547, 30 June 1909, Page 7
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179BRITISH LAND TAXES. Dominion, Volume 2, Issue 547, 30 June 1909, Page 7
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