A c t N o . 3 1 , 1905. An Act to a m e n d t h e Acts relating to land and i n c o m e t a x so as t o e x e m p t c e r t a i n i n c o m e s a n d t o a l l o w c e r t a i n d e d u c t i o n s from i n c o m e t a x : a n d for p u r p o s e s c o n s e q u e n t t h e r e o n or i n c i d e n t a l t h e r e t o . [8th December, 1905.]
E it e n a c t e d b y t h e K i n g ' s M o s t E x c e l l e n t M a j e s t y , by a n d w i t h t h e advice a n d consent of the Legislative Council a n d Legislative A s s e m b l y of N e w S o u t h W a l e s in P a r l i a m e n t assembled, a n d b y t h e a u t h o r i t y of t h e same, as follows : -- 1. This Act m a v be cited as t h e " T a x a t i o n A m e n d i n g A c t , 1905." 2. On t h e suspension, in p u r s u a n c e of section t h i r t y - t h r e e of t h e L o c a l G o v e r n m e n t (Shires) Act, 1905, of t h e operation in a shire of t h e e n a c t m e n t s m e n t i o n e d in S c h e d u l e Three to t h a t A c t , i n c o m e t h e r e a f t e r directly derived from t h e r e n t s of l a n d in respect of w h i c h r a t e s are p a y a b l e to t h e council of s u c h shire, a n d income t h e r e a f t e r d i r e c t l y derived from t h e use of such land for p a s t o r a l or g r a z i n g p u r p o s e s , or from the c u l t i v a t i o n of such land, shall n o t , d u r i n g t h e period of such suspension, be subject to income t a x u n d e r t h e L a n d a n d I n c o m e Tax A s s e s s m e n t Act of 1 8 9 5 , a n d t h e I n c o m e T a x A c t of 1895, a n d a n y A c t s a m e n d i n g t h e same. 3. T h e provisions of subsection (vi) of section t w e n t y - e i g h t of t h e L a n d a n d I n c o m e T a x A s s e s s m e n t A c t of 1895 r e l a t i n g to t h e case w h e n a t a x p a y e r occupies for t h e p u r p o s e of business a n y l a n d i n respect

B

respect of which l a n d tax is payable by him under t h e said A c t shall, d u r i n g t h e suspension aforesaid, apply when a t a x p a y e r occupies for t h e p u r p o s e of business any land in respect of which rates a r e p a y a b l e b y h i m u n d e r t h e Local (Jovernmenl (Shires) Act, 1905. T h e above application of t h e said subsection shall e x t e n d to t h e incorporation of such subsection in section one of t h e L a n d a n d I n c o m e Tax ( D e c l a r a t o r y ) Act, 1898. I n fixing t h e rules referred to in the l a s t - m e n t i o n e d i n c o m e w h i c h , after t h e suspension aforesaid in a shire, is derived from t h e r e n t s of land in respect of which rates are to t h e council of such shire, or from the use of s u c h land for or g r a z i n g purposes, or from t h e cultivation of such land, shall to be e x e m p t e d d u r i n g the period of such suspension. section, directly payable pastoral be held