A QUESTION OF LAND TAX.

Shannon News, 12 October 1926, Page 4

A QUESTION OF LAND TAX.

U.S.S. COY. v. COMMISSIONER OF TAXES. (Bv Telegfajph—nPress Association.) WELLINGTON, Oct. 11. The Full Court to-day is hearing' the case of the Union S.S. Company, Ltd. v. Commissioner of Taxes. The company itself furnished a return showing it owned land in 1925 of the unimprov-, ed value of £21,142. Another company huown as the United Repairing Company, returned land to the value of £11.*585, and tlia Wellington Patent Slip Co., £12,860. The whole'of the latter »s Company belongs to the Union Co. The Commissioner of Taxes assessed the two subsidiary companies jointly for purposes of land and the Union Steamship Co. appeals on the ground that one-half of its capital is no£ held on behalf of the other two and that the companies as shareholders are exempt in respect of land occupied by business premises. For respondent it is contended that the.shareholders in the Repair and Shipping Co. are substantially the same and are jointly and severally liable for land tax.