Bee. 1896.] 



FARMERS AND THE INCOME TAX. 



265 



8. Persons who have sustained a loss by farming operations 

 may obtain repayment of the tax paid under Schedules B. or D., 

 and also of a proportionate amount of the tax paid in respect 

 of their incomes (if any) derived from sources other than from 

 ithe occupation of land. 



9. A printed form of account of profit and loss for the use 

 of farmers has been provided by the Commissioners of Inland 

 Kevenue, and may be obtained on application to any Surveyor 

 of Taxes. 



10. The Commissioners of Inland Revenue have instructed 

 their officers not to object to the admission of farming accounts 

 made up annually from Michaelmas Day instead of from Lady 

 Bay. 



11. Under the Finance Act of 1894 any person whose total 

 Income from all sources is proved not to exceed 1601. is exempt 

 from the payment of Income Tax. Where the Income from all 

 sources exceeds 160/., but does not exceed 400/., the person is 

 entitled to claim an abatement of duty on 160/. Where the 

 Income from all sources exceeds 400?., but does not exceed 500/., 

 an abatement can be claimed of the duty on 100/. Where 

 owners of land make any claim of exemption or abatement, the 

 annual value of the lands assessed under Schedule A. should 

 be taken (for the purpose of the claim) to be the amount of the 

 •assessment after deduction of the allowance of the one-eighth 

 mentioned in Paragraph 2. For the purpose of claiming 

 exemption or abatement, the income arising from the occupation 

 of land is (since the passing of the Finance Act of 1896) to be 

 taken at one-third of the annual value. 



12. Remission of Rent — Where temporary abatements or 

 remissions of rent have been allowed, a reduction or repayment 

 of duty may be claimed in respect of the amount remitted for 

 each complete year ending on the 5th of April. This allowance 

 may be claimed under both Schedules (A. by the landlord, B. by 

 the tenant) on a special form of claim which will be supplied 

 -by the Surveyor of Taxes. W T hen the remission has the effect 

 •of bringing the total income of the tenant to an amount not 

 exceeding 1 60/. the whole of the duty paid or payable under 

 Schedule B. will be repaid or allowed to the tenant. 



13. Further information on any of the points mentioned, in 

 this Memorandum may be obtained from the Surveyor of Taxes 

 for the district, who' will take steps to afford proper facilities 

 }to all persons who desire to appeal with the object of obtaining 

 irelief from or the repayment of Income Tax. 



