An addition of 25 per cent, to the graduated land tax will be changed this year, for the first time,. on properties of an unimproyed value of £40,000 and over, under the Land and Income Assessment ! Act of 1908. The increase applies to all land "other than business premises," which are defined as "any piece of. land included within the area of a building used for business purposes, together, with ruch additional land as immediately adjoins the said building, and is used arid 7 occupied in connection : therewith, and does not exceed in extent the area of the building itself.' When the same person is the owner both of business premises and of other land, graduated land tax •will be assessed in respect of the whole of such business premises and other land without the increase of 25 per cent., and this increase will then be calculated only on the am'ount of graduated land tax that be payable by him if he were not tie owner of business premises.
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New Zealand Herald, Volume XLVII, Issue 14292, 11 February 1910, Page 6
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169Untitled New Zealand Herald, Volume XLVII, Issue 14292, 11 February 1910, Page 6
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