CHARITABLE GIFTS
EXEMPTION FROM TAXATION. (By Telegraph—Press Association.) WELLINGTON, This Day. The exemption of charitable gifts from death duties and gift duty is restored by a clause added to the Finance Bill, which was passed yesterday. The Minister ci Finance, Mr Nash, explained that, the clause restored the position that-existed before the removal of the exemption by a clause in an earlier' Finance Bill. He intended to have'a conference with the parties concerned and to discuss with them the full -implication of the present law in regard to gifts. /Mr Holland (Opposition, Christchurch North): “Then this is only a reprieve?” Mr Nash: “Not necessarily so. We are now planning to obtain all the information available and have a conference. After that conference has taken place it may be necessary to come back to the House again, but in the meantime charitable organisations are placed in the same position as they were before.” The clause was agreed to.
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Wairarapa Times-Age, 31 August 1940, Page 9
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157CHARITABLE GIFTS Wairarapa Times-Age, 31 August 1940, Page 9
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