PUBLIC BURDENS 161 



INCOME TAX 



The owner of woodlands is assessed for the 

 purpose of Income Tax under Schedule A in 

 respect of the annual value ; that is, the imaginary 

 rent which could be obtained for it. The 

 amount is fixed by Commissioners acting under 

 the Income Tax Acts. Apart from exceptional 

 cases this amount is in practice the same as the 

 assessment under the Poor Law Rating. The 

 Commissioners adopt the Poor Law figure, unless 

 there is reason to the contrary. 



The owner of woodlands is liable to payment 

 of Income Tax under Schedule B in respect of 

 the profits arising from the occupation of the 

 land. The assessment for Schedule B is an 

 amount equal to the rent or full annual value. 

 Thus the assessment under Schedule B, like the 

 assessment under Schedule A, in practice is the 

 same figure as the assessment of the prairie 

 value fixed under the Poor Law. It is apparent 

 that during the growth of the trees the annual 

 value derived from the land is either nil or a 

 nominal figure. The assessment under Schedule 

 B is a hypothetical value, which is either non- 

 existent or greatly in excess of the income 

 which the owner receives. 

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