RETURNS OF LAND DUE 8 APRIL.

Shannon News, 26 March 1929, Page 4

RETURNS OF LAND DUE 8 APRIL.

PENALTY FOR NEGLECT. Furnishing a return of land is annual duty imposed by: law) upon landowners who at noon on the 3 March hold land of an unimpre’ vjalue according !to > the Govprnm valuation in -excess of £SOO)‘ Tin} improved value is the value of land exclusive of buildings, fenci and other improvements. The form return has been made as simple as is possible to make it. Forms arc n obtainable at all post offices. Details of the land held at the 3 March, 1929, should be entered in P 3 of the form. Under Part 1 parti lars of registered mortgages and i paid purchase-money should be shov It is necessary to" show' the exi amount of principal owing at the'3 March, 1929. The return should be completed a returned to the Commissioner of Tax Wellington, on or before the Bth Api Any person neglecting to furnish le'turn is liable to a penalty not ( ceeding £lO9. Neglect to furnish returns at t prescribed time, not only renders t;: payers liable to prosecution, but al in many cases for considerably mo tax than would otherwise be payalf The Act provides for an exemption respect of registered mortgages or fiances of purchase-money in certain c: eumstances, but to obtain the. exeip tion it is essential that a return ahtp ing the amount' owing on the 3J March should be furnished. The D partment cannot assume that moi gages arc owing, and in the abseni of a return the .assessment is made, i though the land were unencumbere The tax assessed in these cases nu be in excess of the amount whit would be payable if the return ha been furnished. All persons liable 1 furnish returns are therefore advise in their own interests to forward the: returns on or before the above date.