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RETURNS OF LAND DUE Bth APRIL

PENALTY FOR NEGLECT. Furnishing a return of land is an annual duty imposed by law upon all landowners who at noon on the 31st March hold land of an unimproved value according to »the Government valuation in excess of £SOO. The unimproved value is the value of the land exclusive of buildings, fencing, and other improvements. The form oi return has been made as simple as it is possible to make it. Forms are now obtainable at all post-offices. Details of the land held at the 31st March, 1930, should be entered in Part 3of the form. Under Part 1 particulars of registered mortgages and unpaid purclmse-monoy should be shown each year irrespective of whether any change lias taken place or not

The return should be completed and returned to the Commissioner of Taxes. Wellington, on or before the Bth April. Aliy person neglecting to furnish a return is liable to a penalty not exceeding £IOO. Neglect to furnish returns at the prescribed time not only renders taxpayers liable to prosecution but also in lhany cases for considerably more tax than would otherwise be payable. The Act provides for an exemption in respect of registered mortgages or balances of purchase-money in certain circumstances, but to obtain the exemption it is essential that a return showing particulars of mortgages owing should'be furnished. The Department cannot assume that mortgages are owing, and in the absence of a return the assessment is made as though the laud were unencumbered. The tax assessed in these eases may he in excess of the amount which would be payable if the return had been furnished. All persons liable to furnish returns arc therefore advised in their own interests to forward their returns on or before the above date.

Permanent link to this item
Hononga pūmau ki tēnei tūemi

https://paperspast.natlib.govt.nz/newspapers/HOG19300321.2.6

Bibliographic details
Ngā taipitopito pukapuka

Hokitika Guardian, 21 March 1930, Page 2

Word count
Tapeke kupu
298

RETURNS OF LAND DUE 8th APRIL Hokitika Guardian, 21 March 1930, Page 2

RETURNS OF LAND DUE 8th APRIL Hokitika Guardian, 21 March 1930, Page 2

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