Taxation Act 1887 (SA)

ANNO QUINQUAGESIMO ET QUINQUAGESIMO

PRIM0

VICTORIB REGINB.

A.D. 1887.

No. 423.

An Act to furthcr amend the "Taxation Act, 1884."

[Assented to, Dccenzber q t k, 1887.1

it Enacted by the Governor of the Province of South Aus- Preamble.

tralia, with the advice and consent of the Legislative Council

and House of Assembly of the said province, in this present Parlia-

BE

ment assembled, as follows, that is to say:

1887," and shall be incorporated, and, except so far as inconsistent incorporation. 1, This Act may be cited as the " Taxation Act Amendment Act, Short title and

therewith, read with the C ' Taxation Act, 188 j," and the " Taxation

Act Amendment Act, 1685," and all regulations purporting to have been made thereunder; which Acts and regulations, so far as incon-

sistent with this Act, but no further, are hereby repealed, but other-

wise are confirmed.

2. Section 12 of the "Taxation Act, 1884," is hereby amended- Amendment of section 12 of TRXR- tion A C ~.

I. By the repeal of sub-section vl. thereof:

11. By striking out the word S '' Three Hundred Pounds " wherever they occur in subdivision X. thereof, referring to the amount to be deducted from the account of the income tax of a taxpayer in his sole individual right, and by inserting the words '' Two Hundred Pounds" in lieu thereof.

3, The income of a company shall be deemed to be Income con- Taxation of income

sisting of the produce of property," and shall be taxable ac- of company.

cordingly	.
423 4. The

50" & 51" VICTORIE, No. 423.

The Taxntion Act Arnertdment A c t. 1 8 8 7.

4. The assessment of land liable toland tax, made as of the first

PreEmt

remain in force until to

A%u& M, 1888. day of January, one thousand eight hundred and eighty-five, shall remain in force until the first day of August, one thousand eight hundred and eighty-eight, and the land tax for the financial year ending on the thirtieth day of June, one thousand eight hundred and eighty-eight, shall be raised and levied thereon.

T~emial	.s6e~8ment.	5. The Commissioner slrall, as of the first day of August, one thousand eight hunched and eighty-eight, and as of the first day of August in every third year thereafter, make the assessment of all land liable to land tax required by section 36 of the Taxation Act, 1684.
taxes.

Time for calculating 6. The land tax shall be calculated as at twelve o'clock noon on the first day of August in evcry year, after the end of the present financial year, and shall be due and payable on the fourteenth day of February irl each year thereafter.

Power to add land to	7.	The Cornmissloner shall from time to time assess and add to
assessment.

the assessment all lands that may become liable to land tax after the

time for making of any one triennial assessment, and befbre the time

for the making of the next.

Appeals. 8, The Local Court of Full Jurisdiction nearest in a direct line

to the land assessed, or, in the option of the taxpayer, the Local Court of Adelaide, shall be the Court of Appeal to hear and determine all appeals from any assessment of land.

Regulations. 9, The power of making, altering, or rescinding regulations con-

fcrred by the " 'Taxation Act, 1884," is hereby cxprcssly continued

and is extended to all the purposes of this Act.

In the name and on behalf of Her Majesty, I hereby assent to

this Bill. M 7 M C. F. ROBINSON, Governor.

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Adelaide : By authority, E. S P I L L ~, Government Printer,