SUPER LAND TAX.

Timaru Herald, Volume CXXV, Issue 18545, 16 April 1930, Page 13

SUPER LAND TAX.

TEST CASE BEFORE APPEAL COURT. By Telegraph— Association. WELLINGTON, April 15. ' A case of considerable interest to persons subject to increased land tax and income tax in respect of income I from farm lands, levied under the ! Land and Income Tax Amendment j Act of 1929, was opened at the ; Supreme Court to-day before the Full j Court—their Honours the Chief Justice { (Sir Michael Myers), Justice Reed, and j Justice Blair. The appellant taxI payer's name was not divulged, j Mr Johnston, for appellant, stated that it was admitted in the case that ! appellant had at all material times J derived income from farm lands exceeding £14,000 in value, that being the point at which income tax began at all on farm land. Subsequent to the passing of the Land and Income Tax Amendment Act of 1929, the CommisI sioner of Taxes assessed appellant for j the year commencing Ist April, 1929, upon his income derived from all sources, including farm lands. Appellant objected to the assessment on two principal grounds, the first being that ( the Amendment Act of 1929 did net x operate until the assessment year j commencing Ist April, 1930, and that I therefore in the assessment year just I past appellant should not have been assessed in respect of income tax from | farm land. The second objection was, iif first objection was unsound, and [ appellant was liable to be taxed on 1 income derived from farm lands in the I year commencing Ist April, 1929, then { the method of assessment was inI correct. The argument of plaintiff’s case is , proceeding.