THE LATEST.
Amendments made in the Property Tax.
(Per Pbess Agency.)
Wellington, This day.
The following amendments were made in Committee on the Property Assessment Bill last night:—Clause 2, exempting all property under three hundred pounds value, was amended to read five hundred.
Clause 13: Every company shall be liable to taxation on its capital, namely, balance of assets over* liabilities of company, was struck out.
Clause 18 was made to read as follows: —The mortgagor of any land shall in respect of such land be liable to taxation only on the difference between the whole value of the land mortgaged and the amount of the money advanced on the mortgage of the land provided that in every such case,, the mortgagor shall append to the statement of the properly belonging to him, the names and addresses of the respective mortgages.
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Bibliographic details
Thames Star, Volume X, Issue 3419, 6 December 1879, Page 2
Word Count
141THE LATEST. Thames Star, Volume X, Issue 3419, 6 December 1879, Page 2
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