The Taxation Act Amendment Act 1905 (SA)

ANNO QUINTO

EDWARDI V11 RWlS.

A. D. 1905.

No. 894.

An Act to amend the Taxation Acts, and far other

purposes.

[Assented to, December pth, 1905.1

E it Enacted by the Governor of' the State of South Australia,

follows: B with the advice and consent of the Parliament thereot; as

1. This Act may be cited as "'l'he Taxation Act Amendment short lit10 and

1905," incor"mtiOn~ amending the same.

Act, and shall be read a.nd incorporated with the " Taxation

2, Subdivision IT. of section 2 of the Taxation Act Amendment Reauction of exemption to One

Act, 1887 " shall be read as if in place of the words " Two Hundred Hundred Pifly

Pounds " therein, there were inserted the words " One Hundred and p0und8-	Act No. 861 of 1904,
Fifty Pounds."	sec. 2, amended.

3. The taxes on incomes for each of the three years ending Increase of taxea.

thirty-first day of December, one thousand nine hundred and seven, ibid., W- 3, amendd.

recoverable under the Taxation Act, 1884," are hereby increased

by the imposition of the following taxes, which shall be in lieu of

the rates of income tax heretofore in force:-

(a) On all income derived from personal exertion at the late of Ibid., m. 3, aub-	Four Pence and One Halfpenny for every Pound sterling sec. (a).
of the taxable amount thereof up to and inclusive of the sum of Eight Hundred Pounds, and at the rate of Seven Pence for every Pound sterling of such amount above the enm of Eight Hundred Pounds;

894 (a] On

EDWARDI VII, No. 894.

- -- --- ---P

The Taxation Act ,4rndment A c t. 1905.

Act 861 of 1904,

sec. 3, s u b. (6). ( h ) On all income consisting of the produce of property, at the

rate of Nine Pence for every Pound sterling of the taxable amount thereof up to and inclusive of the sum of Eight Hundred Pounds, and at the rate of Thirteen Pence and One Halfpenny for every Pound sterling of such amount above the sum of Eight Hundred Pounds.

Abolition of exem -

tion in cam taxat&	4, If the net income from all sources of a taxpayer in his sole
amount of income

exceed6 Four Hun-	individual right shall exceed Four Hundred Pounds, he shall be
dred Pounds.	entitled to no deductions by way of exemption from income tax.
Ibid., sec. 4, amended.
Peraons absent for	5. No person who shall have been out of South Australia for this Act shall be entitled to any deduction by way of exemption from income tax payable under section 3 of this Act: Provided that the Agent-General for the State shall not be deemed to be an absentee under the provisions of this Act or any other Taxation Act.
twelve months not
entitled to exemption.	twelve consecutive months prior to the coming into operation of
Ibid., sec. 6.

Peraon absent twelve	6, The words "	twelve months " shall be substituted in place of
months from State

shall be included as	the words "two years" in the twelfth line of section 3 of Act 604
absentee.
Ibid., sec. 7, amended.	of 1894.

Taxpay era tern - 7, Sub-division X. of section 12 of the " Taxation Act, 1884,"

porarily in South and any amendment thereof, shall apply to the income of any

~ u a t r a h entitled to

proportion of	person liable to income tax under sectio~~ 14 of ' U The Taxation Act
exemption.	Amendment Act, 1904," and the amount of exemption to be allowed to any such person shall be proportionate to the period in respect of which the income shall be computed against, any such person.
Intereat and 5ne

against parties 8. The interest and fine imposed by the " Taxation Act, 1884,"

omitting to furnish	shall be charged as from the fourteenth clay of May in each year
returns.	upon the amount of any assessment for income tax to be made against any party who shall omit to furnish a return in accordance with the requirement of the " Taxation Act, 1884," or the regula-
tions.
sec. I S of Act 861

Repeal of part 9, The words " The provisions of this section shall not apply to

of 1904. any sailing vessel taking cargo in South Australian ports for oversea ports unless and until such vessels ~hitll load in South Australia, oftener than twice in any one year," contained in section 12 of U The Taxation Act Amendment Act, 1904," are repealed.

Exemption from 10,

Income derived from land and produced by personal exertion where the land does not excecd in its unimproved value the sum of One 'l'housand Pounds shall be exempt from income tax, and the occupier thereof shall not be required to furnish a return in respect of the income derived from such land: Provided that he satisfies the Commissioner of Taxes that such land does not exceed One Thou- sand Pounds in its unimproved value.

income t a x.

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

this Bill.

.. GEORGE R. LE HUNTE, Governor.

.pp----- * A - - - -

Adelaide : By authority, C. E. BRMTOW, Government Printer, North Terrace.