Land Tax Regulations 1911 (Amendment) (Provisional) (Cth)

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STATUTORY RULES.

1911. No. 83.

 

PROVISIONAL REGULATIONS UNDER THE LAND TAX ASSESSMENT ACT 1910.

I, THE GOVERNOR-GENERAL in and over the Commonwealth of Australia, acting with the advice of the Federal Executive Council, hereby certify that the following Regulations under the Land Tax Assessment Act 1910, should onaccount of urgency, come into immediate operation, and make the Regulations to come into operation forthwith as provisional regulations.

Dated this ninth day of June, One thousand nine hundred and eleven.

DUDLEY,

Governor-General.

By His Excellency’s Command,

C. E. FRAZER,

For the Treasurer.

 

The Land Tax Regulations 1911 (Statutory Rules 1911, No. 8) are amended as follows:—

By inserting therein after Regulation 51 the following new Regulations:—

Leasehold Estates.

In the case of land coming under Section 28 of the Act, the part of the unimproved value of the land corresponding to the unexpired term of the lease as mentioned in Section 28 (3a) of the Act shall be calculated under Table 1 in the Schedule to Statutory Rules 1911, No. 8, upon the assumption that the annual unimproved value of the land is 4½ per cent. of the capital unimproved value.

Allowance on Account of Onerous Conditions.

For the purpose of an assessment under Section 28 (3b) of the Act of the amount (if any) which ought to be added to the value of the rent reserved under a lease on account of onerous conditions imposed upon the lessee for constructing buildings, works, or other improvements upon the land, or expending money thereon, the table in the schedule hereto shall be applied for the purpose of ascertaining the sinking fund required to replace the value of expenditure under onerous conditions as may be determined upon by the Commissioner.

       

C.9550.—Price 3d.

SCHEDULE.

——

Annual Sum which Accumulated at Compound Interest will amount to £1 at the end ofany number of Years from 1 to 100.

Year

4½ per cent.

Year.

4½ per cent.

Year.

4½ per cent.

£

£

£

1

·97815

36

·01135

71

·00202

2

·47832

37

·01074

72

·00193

3

·31180

38

·01017

73

·00184

4

·22863

39

·00964

74

·00176

5

·17880

40

·00914

75

·00168

6

·14563

41

·00867

76

·00161

7

·12198

42

·00823

77

·00154

8

·10428

43

·00781

78

·00147

9

·09055

44

·00742

79

·00140

10

·07960

45

·00705

80

·00134

11

·07067

46

·00670

81

·00128

12

·06325

47

·00636

82

·00122

13

·05700

48

·00605

83

·00117

14

·05167

49

·00576

84

·00112

15

·04706

50

·00548

85

·00107

16

·04305

51

·00522

86

·00102

17

·03953

52

·00497

87

·00097

18

·03642

53

·00473

88

·00093

19

·03366

54

·00450

89

·00089

20

·03118

55

·00429

90

·00085

21

·02895

56

·00409

91

·00082

22

·02694

57

·00390

92

·00078

23

·02512

58

·00372

93

·00075

24

·02346

59

·00354

94

·00071

25

·02195

60

·00338

95

·00068

26

·02056

61

·00322

96

·00065

27

·01929

62

·00307

97

·00062

28

·01812

63

·00293

98

·00060

29

·01703

64

·00280

99

·00057

30

·01603

65

·00267

100

·00055

31

·01511

66

·00255

32

·01424

67

·00243

33

·01344

68

·00232

84

·01270

69

·00222

35

·01200

70

·00212

Printed and Published for the Government of the Commonwealth of Australia by

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