Act Repealed Latest version as at 13 October 1897 (as enacted) | 1897 No 4

Land-tax and Income-tax Act 1897

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Contents

Short Title.

Duration and rates of land-tax and income-tax.

Tax to be levied, &c., on assessments made under “The Land and Income Assessment Act, 1891.”

Date of payment of tax.

Land-tax and Income-tax Act 1897

Public Act		1897 No 4
Date of assent		13 October 1897

	Title
1	Short Title.
2	Duration and rates of land-tax and income-tax.
3	Tax to be levied, &c., on assessments made under “The Land and Income Assessment Act, 1891.”
4	Date of payment of tax.

An Act to impose a Land-tax and an Income-tax.

MOST GRACIOUS SOVEREIGN,—We, your Majesty’s most dutiful and loyal subjects, the House of Representatives of New Zealand in Parliament assembled, towards raising the necessary supplies to defray your Majesty’s public expenses, and making an addition to the public revenue, have freely and voluntarily resolved to give and grant unto your Majesty the several duties hereinafter mentioned, and do therefore most humbly beseech your Majesty that it may be enacted: And be it enacted by the Queen’s Most Excellent Majesty, by and with the advice and consent of the General Assembly of New Zealand in Parliament assembled, and by the authority of the same, as follows:—

1 Short Title.

The Short Title of this Act is “The Land-tax and Income-tax Act. 1897.”

2 Duration and rates of land-tax and income-tax.

For the twelve months commencing on the first day of April, one thousand eight hundred and ninety-seven, there shall be charged, levied, collected, and paid for the use of Her Majesty the several duties of land-tax and income-tax hereinafter mentioned, that is to say,—

Land-tax.
(1.) In respect of land and mortgages:—
(a.) For every pound sterling of the assessed value of land and mortgages of land chargeable by law, a duty for the year by way of ordinary land-tax of	One penny.
(b.) For every pound sterling of the assessed value of land chargeable by law, a duty for the year (in addition to the ordinary tax payable as aforesaid) by way of further graduated land-tax at	The rate of graduated tax set forth in Schedule B of “The Land and Income Assessment Act, 1891,” as amended by “The Land and Income Assessment Acts Amendment Act, 1893.”

Income-tax.
(2.) (a.) In respect of income of companies (including persons engaged in shipping under section one of Schedule C of “The Land and Income Assessment Act, 1891,” and also all agents under section two of Schedule C of the said Act, or section nineteen of “The Land and Income Assessment Act Amendment Act, 1892,” or the amendments thereof respectively):—
For every pound sterling of the income chargeable by law derived or received for the year ending on the thirty-first day of March, one thousand eight hundred and ninety seven, a duty by way of income-tax of	One shilling.
(b.) In respect of income of persons (except persons engaged in shipping, and all agents as aforesaid):—
For every pound sterling of the income chargeable by law derived or received from business, employment, or emolument for the year ending on the thirty-first day of March, one thousand eight hundred and ninety-seven, a duty by way of income-tax as follows:—
Up to and including one thousand pounds	Sixpence.
Exceeding one thousand pounds, on the amount in excess of one thousand pounds	One shilling.

3 Tax to be levied, &c., on assessments made under “The Land and Income Assessment Act, 1891.”

The said respective duties of land-tax and of income-tax shall be charged, levied, collected, paid, and enforced upon assessments made under “The Land and Income Assessment Act, 1891”; and wherever in this Act any reference is made to any land, mortgage, or income, or to any person, association, or company, as being “chargeable by law,” it shall be understood that such reference relates to land, mortgages, or income, or to a person, association, or company, assessed or liable to be assessed under that Act.

4 Date of payment of tax.

The said respective duties of land-tax and of income-tax shall be paid on such day or days and at such place or places as the Governor in Council from time to time determines, and shall be levied, collected, paid, and enforced in manner prescribed by “The Land and Income Assessment Act, 1891.”

Land-tax and Income-tax Act 1897