Income Tax Act 1918 (WA)

No. 39.] Income Tax. [1918.

INCOME TAX.

9° GEO. V., No. XXIX.

No. 39 of 1918.

AN ACT to declare the method of calculation of Income

Tax under the Land Tax and Income Tax Act, 1918.

[Assented to 24th December, 1918.]

Council and Legislative Assembly of Western Australia, inBE it enacted by the King's Most Excellent Majesty, byand with the advice and consent of the Legislative

this present Parliament assembled, and by the authority

of the same, as follows :-

Short title. 1.

This Act may be cited as the Income Tax Act, 1918, and shall be read as one with the Land Tax and Income Tax Act, 1918, hereinafter referred to as the principal Act.

The income tax imposed by the principal Act for the year ending the thirtieth day of June, one thousand nine hunched and nineteen, is and shall be deemed to have been calculable in the following manner, and (subject to the provisos in section three of the Land and Income Tax Assessment Act Amendment Act, 1918, and in section two of the principal Act) shall be payable accordingly.

Method of 2.

calculation.

The rate of tax when the whole income chargeable ie. £101 is 2 . 006 pence in the pound, and the rate of tax pei pound sterling on the whole income chargeable increasene uniformly by • 006 of a penny with each increase of one pound sterling of the income chargeable, as set out in the following examples :—

EXAMPLES.

Rate of Tax in the pound

Income chargeable. Computation of rate. on the whole income chargeable.

Pence.

£102 2d. + 006 X 2 2'012

£103	2d. + •006 X 3	•••	2.018
£104	2d. + •006 x 4	•••	2.024
£250	2d. + •006 x 150	•••	2.9
£800	2d. + •006 x 700	•••	6.2

£1,000 2d. + • 006 x 900 ••• 7.4