BRITISH INCOME TAX

New Zealand Herald, Volume LXXV, Issue 23171, 18 October 1938, Page 5

BRITISH INCOME TAX

VISITORS' LIABILITY ALTERATION IN BASIS NEED FOR RELIABLE ADVICE The basis of liability of visitors to England to income tax has been completely changed as a result of a recent legal decision. A visit of more than 18days in a financial year involves liability to tax. and in order to avoid this it became the practice for funds to be remitted for living expenses in the year prior to that in which the visit is made. The recent legal decision completely alters the position, and persons making arrangements for long leave in England, or for return there on retirement, have been advised by a London income tax consultant to obtain reliable advice as to the present tax position. The old methods 'of minimising liability are not only useless in most cases, but may now have the opposite effect to that intended. The secretary of the Taxpayers' Association of Victoria, Mr. M. J. Pettigrove, pointed out recently that hitherto liability had been generally held to occur when a Dominion resident on a visit to England stays there for more than six months in any financial year, which in the United Kingdom begins on April 5. A method adopted by some Australian visitors to England has been to lodge money on deposit with a bank in Australia, and then raise an overdraft at the London branch of the Australian bank on the security of the deposit receipt. The Taxpayers' Association of Victoria was in regular correspondence with the Income Taxpayers' Society-of Great Britain, from whom the new ruling would soon be received. ft should bo noted, Mr. Pettigrove added, that where the tax had been paid on income in [ any part of the British Empire outside of the United Kingdom ,a rebate of British tax paid would be made on production of documentnrv proof that such income has already* borne tax in the place of derivation.

BUTTER IN LONDON V . NEW ZEALAND SUPPLY SHORT OTHER DESCRIPTIONS WEAKER LONDON, Oct. 16 On the London butter market the removal of maximum prices resulted in prices being re-established on the basis of 114s per cwt for' New Zealand, and 110s for Australian. The, New Zealand price was maintained owing to a comparative shortage of stocks, but Australian weakened and newly landed supplies sold down to 108s, resulting in a little more interest, and the price increasing Is. Continental butter is quietly steady. Cheese is quiet, and business small.

HOUSING PROGRAMME AUSTRALIAN CAPITAL GROWTH OF THE POPULATION [from oub own correspondent] CANBERRA, Oct. 13 Provision has been made for the construction of 220 new homes in Canberra in the current year. This represents a marked increase on the building programme of previous years and is directed toward a reduction of the shortage of homes due to the rapid growth of the city. ... The Australian Capital Territory 25 years ngo was grazing property where thousands of sheep were pastured. A handful of people, an old church and a few scattered homesteads and cottages were the sole signs of settlement. ' -, v, : /

Since Parliament and Government departments were transferred in 1927 there has been a rapid increase. In recent years there has been a marked acceleration and since 1934 the population has increased by about 35 per cent to 11,500. , Two large central offices—post office and defence —are yet to be transferred and when this movement is made a very substantial progress in population will be achieved.

Contrary to usual experience, city development at Canberra has not been at the expense of natural beauty, and acres of park lands and gardens make the Australian capital one of the most beautiful cities in the world.

PUKEKOHE PRODUCE RAIN IMPROVES PROSPECTS DEMAND FOR NEW POTATOES [from OCR OWN correspondent] PUKEKOHE. Monday A few light showers Duly were experienced at Pukekohe last week and anxiety' on account of the dry conditions was increased, the outlook for vegetable crops becoming poor. However, the weather changed last night and about half an inch of rain has fallen since, somewhat relieving tho position. The sky is still overcast and conditions are warm and humid, with promise of further rain, A growing demand . for Pukekohe new potatoes is being experienced and, although crops now being dug are yielding a much better tonnage than earlier ones, tho price remains firm at 25s 6d per cut., f.0.r., Pukekohe, which is the figure to which it fell a fortnight ago.' As the result of the dry weather cauliflowers are scarce and "have risen in price from 13s 3d to 14s 3d a bag since last Monday. Sack lots are not quoted. Spring cabbages are still at 10s 9d a bag and 14s 9d a sack, while carrots continue to bring 5s a sugar bag and lettuce 6s tn 6s 6d a case. Plant values have shown no alteration in the past week, cabbage plants continuing to sell at 12s 6d a thousand, cauliflower plants at 13s 6d and onion plants at 3s 6d.