Royal Commission on the Method for Determining the Unimproved Value of Land Held under Crown Leases
Royal Commission on the method for determining the unimproved value of land held under Crown leases · Crown Leaseholds Royal Commission
12 July 1924 – 10 June 1925
A three-member commission that determined a basis for valuing Crown leaseholds for land tax, so that arrears of tax on Crown leases could be assessed and collected uniformly.
How it came into existence
Appointed by Letters Patent dated 12 July 1924 by the Bruce–Page government. Parliament had refused in 1923 to repeal retrospectively the land tax on Crown leaseholds, and the Commissioner of Taxation's changing valuation methods had produced disputes. On 19 June 1924 the Treasurer, Earle Page, announced that William Warren Kerr, John Jolly and Maurice Boyce Duffy, former members of the Royal Commission on Taxation, had been asked to determine a basis of valuation.
How it ended
Its report was presented to Parliament on 10 June 1925, ending the commission. Its basis of valuation substantially reduced many assessments of Crown leaseholds.
Main functions
- Methods of valuing lessees' interests in Crown leases for land tax
- Basis for assessing arrears of land tax on Crown leaseholds
Where it sits
Last in the portfolio of Department of the Treasury.
Lineage
Loading lineage…