Unpleasant Income Tax Surprise
[Special to “Northern Advocate.”] AUCKLAND, This Day. Many people will be unpleasantly suprised /when they examine closely the new general return of income, which has to be submitted to the Commissioner of Taxes, in respect to the year ended on March 31. Clause D states that a dependent relative “does not include any person in respect of whom monetary benefit is payable out of the Social Security Fund.” This will be news to the majority of people. Many taxpayers who. have reached middle life have to help shoulder the burden of aged and invalid relatives, who cannot be expected to get along on the 30/ a week paid to them out of the Social Security Fund. In future, no taxation relief will be allowed for help given in this way, which, in some cases, must amount to as much as the maintenance of one of the taxpayer’s young children.
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Northern Advocate, 9 May 1940, Page 6
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153Unpleasant Income Tax Surprise Northern Advocate, 9 May 1940, Page 6
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