Land Tax and Income Tax Act 1920 (WA)

No. 48.] Land Tax and Incom e Tax. [1920.

LAND TAX AND INCOME TAX.

11 0 GEO. V., No. XLVIII.

No. 48 of 1920.

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

[Assented to 11th January, 1921.]

MOST GRACIOUS SO VEREIGN,--

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

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

Tax Act, 1920.

2. For the year b endiner the thirtieth day of June, One

Grant of land

tax and income

tax for the year

thousand nine hundred and twenty-one, there shall be charged,

ending 30th

lune, 1921.

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

(1) 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:

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

1920.] Land Tax and Income Tax. [No. 48.

(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 applica- tion has been approved, or if the lessee has, under the provisions of the Land Act Amend- ment 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

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

(1.) When the whole of the income chargeable of a tax- payer does not exceed £7,766, the rate of tax per pound Tax.	Rate of Income
sterling shall be 2 . 006 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.

3.

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 12 •006 (I — 100) E pence.

When the whole of the income chargeable of a taxpayer exceeds £7,766, the rate of tax for every pound sterling thereof shall be forty-eight pence.

(2.) Where the income chargeable from all sources of a taxpayer who is married or has a dependant amounts to £157 and on more, the tax payable by him shall not exceed ten shillings.

4.    The minimum amount payable by any taxpayer for Minimum

land tax or income tax shall be two shillings and sixpence. ay zosubni te

5.    Notwithstanding anything contained in the Land and Credit for pay

Income Tax Assessment Act, 1907, to the contrary-- Di rits und erDividend Duties Act,

(1.) If the income chargeable of any person, together 1902'

with income received by him in respect of the dividends of a company subject to duty under the Dividend Duties Act, 1902, amounts during the year ending the 30th day of June, 1920, to such a sum as if it were all income chargeable would

No. 48.] Land Tax and Income Tax. [1920.

be liable to income tax at a rate exceeding one shilling and threepence for every pound sterling thereof, without regard to the super-tax imposed by section six, 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, 1920, in receipt of income derived from dividends within the mean- ing of the Dividend Duties Act, 1902, and such income ex- ceeds the sum which under this Act would be chargeable as income at a higher rate of tax in the pound than one shilling and threepence, without regard to the super-tax imposed by section six, such person shall, notwithstanding any provision in any other Act to the contrary, be liable to pay income tax on such income, but such person shall receive credit for the amount of duty payable in respect Of such income under the Dividend Duties Act, 1902.

Supentax of 156. (1.) In addition to the income tax payable under the per cent, preceding provisions of this Act, there shall be charged,

levied, collected, and paid, for the use of His Majesty under and subject to the Acts referred to in section two, on the in- come chargeable of all taxpayers, and on such incomes as are liable to tax under section five, a super-tax equal to fifteen per centum of the amount of the income tax imposed as afore- said:

Provided that this subsection shall not apply to the income of any taxpayer whose income as defined by section two of the Land and Income Tax Assessment Act, 1907, without any deduction under paragraphs (3), (7), (10), or (12) of section thirty thereof, except in respect of rates and taxes of business premises occupied by the taxpayer, does not exceed two hun- dred and sixty-four pounds.

(2.) In addition to the land tax payable under the pre- ceding provisions of this Act, there shall be charged, levied, collected, and paid for the use of His Majesty, under and subject to the Acts referred to in section two, a super tax equal to fifteen per centum on the amount of the land tax im- posed as aforesaid.