NEW LAND TAX

Hawera Star, Volume XLIX, 17 January 1930, Page 6

NEW LAND TAX

THE HARDSHIP CLAISE INQUIRY ESTIMATES. CLOSE TO ACTUAL FIGURES. • AiV Iclcgrapu—vo "me &ui"» WELiM-NGTOiS, Jan 17. In© Hop. U. vv. Forbes., Mmiter of i.uiuiis ana Agriculture, wno, .■$ the acting leaner ox tlie House: fcowais tire end or last session, was m cmge of land and income tax legrsiatio; was aide to give definite miojjnatiu to your representative regarding the much-discussed question or iiurdlip in . relation to tlie special land tax.-: the Minister stated that he ns informed by the Commissioner of faxes ~.at oC7 taxpayers have made aplication to receive consideration unck- the hardship ciause. Of these 347 s© located in Canterbury. The Comnssion commenced its sitting on Deoemtr 16. Objectors were advised of the iture of the evidence required and theDommission adjourned on December 2 until January 13. No final decisions have yet been made.. An opportunity will be Wen to objectors to be .heard, in persa in cases where the taxpayer consider he has not been granted'' sufficient elief on documentary 7 evidence submittt) to the Commission. The present inications are that the Commission wi. git in the main centres of both Island,to take oral evidence. Mr Forbes ad«d • “As considerable doubt was cast vpii tli© Tax Department’s estimates egarding the comparatively limed number of land owners likely to be defected by the change in mortgage x■emption from the £IO,OOO maximum.it is interesting to compare those etimates with the actual figures, nw available. The number estimated as likely to be affected by the changetn exemption was 1800 and the actal number affected is 1890. The estimted additional revenue was £25,000: te actual revenue is £24,000. The esS. mat-ed number affected by the spec,] land tax was 1450. and the actut figure is 1500. while the revenue, est mated at £300,000, is actually £315 000. ■