LAND TAX
LIABILITY OF MORTGAGEES SEVERAL DEMANDS MADE. (Per United Press Association.) WELLINGTON, September 13. The Land and Income Tax Act gives the Conunissioner of Taxes power to call upon mortgagees to pay land tax when a mortgagor falls into arrears, and this power has been exercised recently. The land tax ig a first charge on land, and takes precedence over rates. It is understood that a number of mortgagees from whom land tax has been demanded have placed their position before the Government, and before payment is actually enforced the circumstances of each case will be taken into consideration.
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Bibliographic details
Otago Daily Times, Issue 22058, 14 September 1933, Page 10
Word Count
100LAND TAX Otago Daily Times, Issue 22058, 14 September 1933, Page 10
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