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(e) Rents from Real Estate, Mining Royalties and Similar Income

Property situated in towns and in the country is, as explained, liable, respectively, to the tax on urban estate and the tax on rural estate, which taxes are levied upon income from real estate. Income from urban property is further liable to income-tax; but not the income from rural estate. Nor is income from agricultural and similar exploitation liable to income-tax.

All other income from exploitation of the soil is subject to income-tax and to the different taxes on trade and industry.

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