FRIDAY, NOVEMBER 13, 1931
A GOVERNMENT SPOKESMAN SAID THAT ONLY OFFICERS WHO ALREADY HELD MORTGAGES OR WERE THINKING OF PURCHASING PROPERTY WITHIN THE NEXT FEW MONTHS NEEDED TO SUBMIT THEIR APPLICATIONS UNDER THE FIRST CIRCULARS. SUCH OFFICERS SHOULD APPLY BEFORE THE END OF THE YEAR. OFFICERS THINKING OF PURCHASING PROPERTY AT A LATER DATE WOULD BE ABLE TO APPLY IN RESPONSE TO LATER CALL CIRCULARS.
THE SPOKESMAN ALSO ANNOUNCED THE GOVERNMENT'S ACCEPTANCE OF A RECOMMENDATION BY THE STANDING COMMITTEE ON DIRECTORATE SALARIES AND CONDITIONS OF SERVICE WITH REGARD TO PASSAGES,
WITH IMMEDIATE EFFECT, ANY DIRECTORATE OFFICER EMPLOYED SUBSTANTIVELY ON LOCAL PENSIONABLE TERMS IS ELIGIBLE FOR LEAVE PASSAGES FOR HIMSELF AND HIS FAMILY ONCE EVERY TWO YEARS.
MARRIED OFFICERS ARE ALSO ELIGIBLE SUBJECT TO THE RULES TO PREVENT THE PROVISION OF DOUBLE BENEFITS ALREADY DESCRIBED.
THE RATE OF THE PASSAGE ALLOWANCE WILL BE BASED ON THE CURRENT STANDARD RETURN AIR PASSAGE FARE TO THE UNITED KINGDOM AS SET OUT IN CIVIL SERVICE REGULATIONS.
DONATIONS TO URBAN COUNCIL
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THE URBAN COUNCIL (DONATIONS) BILL 1981 WHICH SEEKS TO RELIEVE DONATIONS TO THE COUNCIL FOR CHARITABLE PURPOSES FROM LIABILITY TO ESTATE DUTY AND SALARIES OR PROFITS TAX IS PUBLISHED
IN THE GAZETTE TODAY (FRIDAY).
UNDER THE EXISTING LEGISLATION, IF A PERSON DONATES MONEY TO THE URBAN COUNCIL FOR CHARITABLE PURPOSES HE CANNOT OBTAIN ANY TAX DEDUCTION. LIKE ISE, IF PROPERTY IS BEQUEATHED TO THE COUNCIL, IT IS LIABLE TO ESTATE DÚTY.
THE BILL AMENDS THE ESTATE DUTY ORDINANCE AND THE INLAND REVENUE ORDINANCE TO PROVIDE FOR THESE NEW FORMS OF TAX RELIEF.
DONATIONS TO APPROVED CHARITABLE INSTITUTIONS OR TO THE GOVERNMENT FOR CHARITABLE PURPOSES ARE AT PRESENT DEDUCTIBLE FROM ASSESSAELE INCOME OF ASSESSABLE PROFITS IF THEY ARE NOT LESS THAI $100 AND NOT MORE THAN 10 PER CENT OF THE ASSESSABLE INCOME CA
PROFITS.
IF ENACTED.
THE AMENDMENT TO THE INLAND REVENUE ORDINANCE MILL TAKE EFFEC FROY THE YEAR OF ASSESSMENT COMMENCING APRIL 1 10P WHEREWS THE AMENDMENTO TO THE ESTATE DUTY ORDINANCE WILL BECOME OPERATIVE AS FROM THE DATE OF ENACTMENT.