LAND TAX PROBLEMS

Otago Daily Times, Issue 18545, 4 May 1922, Page 8

LAND TAX PROBLEMS

DECISION RESERVED. (Pbb United Association.) WELLINGTON. May 3. 4 The Court of Appeal continued this morning its heaving of argument in the case of Charles v. Lysons and others. Mr M. Myers, fflt respondents, dealt further with the meaning of section 162 of the Land and Income Tax Act, 1916. Mr A'. Gray, K.C., in reply, said that if the judgment of Mr Justice Reed stood the result might be chaos, as a property might change hands several times in a year, with the necessity for apportionment of land tax on each sale. In reply to a question by Mr Justice Stringer as to whether, it was reasonable that the owner of land, say, for one day should pay the land tax .for the whole year, and the owner for 364 days pay nothing. Air Gray replied that it was a matter for the Legislature. At the conclusion of Mr Gray’s reply the court reserved its decision.