LAND TAXATION

Hokitika Guardian, 24 September 1929, Page 3

LAND TAXATION

MEETIN& AIRS ITS VIEWS. _ / % • . (By Telegraph—Press Association). : . .•-fin" ‘‘' C&RTSTCHURCH, Sept. 23.^ At u'iifbetihg of farmers, Convened by the 'Christchurch Chamber of Commerce to-day resolutions regarding the : Goverrijnient’s taxation proposals were carried. The effect of resolutions was :—(1) That the burden of the land tax proposed is inequitably large. (2) That, relief in taxation should be granted taxpayers who own land which, in tlie opinion of a properly •constituted tribunal, is. unsuitable for subdivision. (3) That the penalty of the special tlik should not take effect till March 31, r: 1931, in'order to giye. landowners tlie, opportunity of subdV viding and Celling portions of their holdings. (4)' That the mortgage ei- N emption be 5016,000 unimproved yaluo for ordinary' tax, and ; that from the special- 1 land tax full-. exemption be granted *for all mortgages. ' (5) That the to enquire and report covering oases of hardship should he the Assessment Court under the Valuation'of Land Act, 1925/ (6) That in considering taxpayers’ appeals under the hardship clause, the earn- , ing capacity iof property and other relevant.! circumstances should be takeii into consideration, as well also as taxpayeifsmnfinancial position. - (.<) That ; thef Department .be requested /to v determine the values pf land . according to situation ahd stockcarry ing‘.capacity, as the present system valuingji-esults in- inequality. ($) • That the'JPjijne Minister be fully asked to amend the Finance Bill to givom effect to these recommendations. Hii a!!: