THE LAND TAX.

New Zealand Times, Volume XXXIV, Issue 5669, 31 May 1879, Page 2

THE LAND TAX.

Questions are consdmilv being asked as to tbe apportionment of the laud tax between the landlord and the tenant. For the benefit of those interested we reprint the clauses, 50 and 51, relating to this point ;

“ Where land is held under any lease, or agreement for a lease, or other instrument creating a term of years not less than three years to run nr expire from the date of the valuation list, whether granted prior to the coming into operation of this Act or subsequent thereto, then the land tax payable for such land shall be apportioned between the landlord and riie tenant in the following manner : If the laud be held und-r lease at a rent less than un amount equal to five per centum on the value to sell—(1.) Tiie tax to he paid by the tenant shall be proportional between tbe rack-rent and the rent actually paid ; and (2.) Rack-rent, for the purposes of this section, shall be deemed to bo five per centum on the value to sell, as defined by section four of this Act. Provided always that if the rent payable by the tenant shall not exceed the amount of the tax, the whole of the tax shall be paid by the tenant.

“ The lessee and landlord shall each bo liable for the payment of the tax, and either of them paying the same shall be entitled to recover from the other the amount chargeable to him under the previous clause. Provided that if any dispute arise as to the proportion to be paid by a tenant and landlord, the same shall be decided by the commis?^^^’