FARMERS’ INCOME
LOWER MAINTENANCE EFFECT ON TAXATION Due to a lack of labour and insufficient supplies of fertilisers, farmers will probably be unable to maintain their farms at the high standard previously aimed at, according to opinions expressed at a meeting of the Whangarei sub-provincial council of the Farmers’ Union. It was also stated that with reduced expenditure on farm maintenance farmers’ incomes might show higher for taxation purposes but in reality this income would be partly due to a realisation of capital assets, as the farm would be depreciating through lack of mainL nance. The president. Mr. A. Briscoe Moore, said he had been in communication with the Dominion executive and the matter would be discussed at a meeting to lie held in Wellington. Mr. Moore said that representations would probably bo made to the Government with a view to obtaining some form of rebate where it could be shown that the income was unduly high and the capital asset of the farm was deteriorating.
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Bibliographic details
Gisborne Herald, Volume LXVIII, Issue 20636, 16 August 1941, Page 3
Word Count
166FARMERS’ INCOME Gisborne Herald, Volume LXVIII, Issue 20636, 16 August 1941, Page 3
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