Land Tax and Income Tax Act 1918 (WA)

WESTERN AUSTRALIA.

ANNO NONO

GEORGII QUINT' REGIS,

xv.

********4**************************M****************0

No. 25 of 1918.

AN ACT to impose a Land Tax and an

Income Tax

[Assented to 13th June, 1918.]

MOST GRACIOUS SOVEREIGN,—

E, Your Majesty's most dutiful and loyal subjects, the Preamble.

Wment assembled, towards raising the necessary supplies toLegislative Assembly of Western Australia in Parlia-

defray Your Majesty's public expenses, and making an addition to the public revenue, have freely and voluntarily resolved to give and grant unto Your Majesty the duties hereinafter mentioned, and do therefore most humbly beseech Your Majesty that it may be enacted : And be it therefore enacted by the King's Most Excellent Majesty, by and with the advice and consent of the Legislative Council and Legislative Assembly

1918, No. 25.] Land Tax and Income Tax. [9 GEO. V.

of Western Australia, in this present Parliament assembled,

and by the authority of the same, as follows :—

Short title.	1. This Act may be cited as the Land Tax and Income Tax Act, 1918.
Grant of land tax
and income tax for	2. For the year ending the thirtieth day of June, one levied, collected, and paid for the use of His Majesty, under and subject to the Land and Income Tax Assessment Act, 1907, the Land and Income Tax Assessment Act Amendment Act, 1917, and the Land and Income Tax Assessment Act Amendment Act, 1918, and in manner therein prescribed
the year ending 30th	thousand nine hundred and nineteen, there shall be charged, (a.) a land tax at the rate of one penny for every pound sterling of the unimproved value, as assessed by or under the said Acts, of all land chargeable with such tax ; and
June, 1919.

(b.) An income tax on the income chargeable of all tax

payers, as follows :-

At the rate of twopence in respect to every pound sterling of income chargeable plus an additional rate thereon of .006 of a penny for every pound sterling by which the income charge- able from all sources exceeds £100. Provided that the rate in the pound shall not exceed twot, shillings and sixpence.

Provided also that where the income chargeable from all sources of any taxpayer who is married or has a dependent amounts to £157, and no more, the tax payable by him shall not exceed one pound.

Provided also that the minimum amount payable by any taxpayer for land tax or income tax shall be two shillings and sixpence.

Credit for payments 3. Notwithstanding anything contained in the Land and

under Dividend

Duties Aot, 1902.

Income Tax Assessment Act, 1907, to the contrary

(1.) If the "income chargeable " of any person, together with income received by him in respect of the dividends of a company liable to pay duty under the Dividend Duties Act, 1902, exceeds in the aggregate £2,267 during the year ending the 30th day of June, 1918, income tax shall be payable by such person on the amount of such aggregate income, but he shall receive credit for the duty payable under the Dividend Duties Act, 1902, in respect of so much of his income as is derived from a company as aforesaid.

9 GEO. V.] Land Tax and Income Tax. [1918, No. 25.

(2.) If any person not in receipt of any income chargeable is, during the year ending the 30th day of June, 1918, in receipt of income derived from dividends within the meaning of the Dividend Duties Act, 1902, and such income, after all deductions allowed by law, exceeds £2,267, he shall be liable to pay income tax on such income, but he shall receive credit for the duty payable under the Dividend Duties Act, 1902, in respect thereof.