Land Tax and Income Tax Act 1919 (WA)

1919.] Land Tax and Income Tax. [No. 26.

LAND TAX AND INCOME TAX.

10 °	GEO. V., No. XIV.
No. 26 of 1919.

AN ACT to impose a Land Tax and an Income Tax.

[Assented to 27th November, 1919.]

MOST GRACIOUS SOVEREIGN

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

the Legislative Assembly of Western Australia in Parliament assembled, towards raising the necessary sup- plies to defray Your Majesty's public expenses, and making an addition to the public revenue, have freely and volun- tarily 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 of Western Australia, in this pre- sent Parliament assembled, and by the authority of the same, as follows:—

1.    This Act may be cited as the Land Tax and Income Shert title

Tax Act, 1919.

2.    For the year ending the thirtieth day of June, One ?nth=

thousand nine hundred and twenty, there shall be charged, ta engin: year h

levied, collected, and paid for the use of His Majesty, under June,1=

and subject to the Laud 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, 191.8, and in manner therein prescribed

(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:

No. 26.] Land Tax and Income Tax. [1919.

Provided that the tax payable in respect of a pastoral lease shall be at the rate of one penny for every pound sterling-

(i)

of a sum equal to twenty times the amount

of the annual rent reserved by the lease; or

(ii)   if the lessee has applied for a new lease under subsection four of section thirty of the Land Act Amendment Act, 1917, and such appli- cation has been approved, or the lessee has, under the provisions of the Land Act Amendment Act, 1918, paid double rent in respect of his holding of a sum equal to twenty times the amount of the annual rent payable or paid by the lessee; and

(b) An income tax on the income chargeable of all tax- payers at the rates prescribed by section three of this Act.

Bate of Income 3. (1.) When the whole of the income chargeable of a tax- Tar.

payer does not exceed £4,766, the rate of tax per pound sterling shall be 2006 pence where the income chargeable is £101 sterling, and shall increase uniformly with each increase of one pound sterling of the income chargeable by •006 of one penny.

Such rate of tax may be calculated from the following

formula :-

R = rate of tax in pence per pound sterling.

I = income chargeable in pounds sterling.

R = { 2 + •006 (I —100); pence.

When the whole of the income chargeable of a taxpayer exceeds £4,766, the rate of tax for every pound sterling thereof shall be thirty pence.

(2) Where the income chargeable from all sources of a taxpayer who is married or has a dependant amounts to £157 and no more, the tax payable by him shall not exceed one pound.

amount 4. The minimum amount payable by any taxpayer for

Minimum

payable.	land tax or income tax shall be two shillings and sixpence.
Credit for pay.

Notwithstanding anything contained in the Land and

(1.) If the income chargeable of any person, together

with income received by hint in respect of the dividends of

ments under 5.

Dividend

Duties Act,	Income Tax Assessment Act, 1907, to the contrary
/90%

1919.] Land Tax and Income Tax. [No. 26.

a company subject to duty under the Dividend Duties Act, 1902, amounts during the year ending the 30th day of June, 1919, to such a sum as if it were all income chargeable would be liable to income tax at a rate exceeding one shilling and threepence for every pound sterling thereof, income tax shall be payable by such person on the amount of such aggre- gate income, but he shall receive credit for the duty payable under the Dividend , Duties Act, 1902, in respect of his in- come derived from a company as aforesaid.

(2.) If any person not in receipt of any income charge- able is, during the year ending the 30th day of June, 1919, in receipt of income derived from dividends within the mean- ing of the Dividend Duties Act, 1902, and such income ex- ceeds £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.