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LAND SUBDIVISION

N.S. WALES TAX PROPOSALS. MINISTER EXPLAINS MEASURE. (Pres? Association—By i'elegraph—Copyright.) SYDNEY, March 2. In the Assembly, speaking on the Agricultural Bill, which is aimed at breaking up large estates, Mr W. F. Dunn (Minister of Agriculture) said that the taxes on estates over the value of £IO,OOO would range from 2id in the £ on estates from £IO,OOO to £25,000, increasing by a halfpenny in the £ for every £15,000 increase in value till reaching £130,000, when the tax would be 6id. In order to give owners an opportunity to dispose of or put into use the surplus land, the tax would not be levied till June, 1928.

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https://paperspast.natlib.govt.nz/newspapers/ODT19270304.2.63

Bibliographic details

Otago Daily Times, Issue 20039, 4 March 1927, Page 9

Word Count
108

LAND SUBDIVISION Otago Daily Times, Issue 20039, 4 March 1927, Page 9

LAND SUBDIVISION Otago Daily Times, Issue 20039, 4 March 1927, Page 9