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Friday, 27 November 1959


Mr HAROLD HOLT - I shall examine with very great interest' the. legislation concerning; succession duties which L understand is being, brought: before.- the South Australian Parliament.- From time to time, this Government has received requests that special consideration- be given to rural properties in order, to . avoid, the kind, of embarrassment which, the honorable member has mentioned. Our own examination of the -matter does not suggest that land previously in use.has-gone out of - use. because of the, operation of succession, or estate duties. It is not- easy to devise, a,scheme. which would, be, equitable to. the taxpayers, generally, and. which: would:avoid the obviously undesirable: consequence-, oft encouraging, people of substantial means; to purchase, rural estate: in order to avoid' estate- or succession duties which might have,applied had; their holdings: been in a form other than that of rural properties. We have looked at these matters and have seen the problems associated with, them, but we have not yet found :an answer which would satisfy the requirements which I have mentioned. For- these reasons, I shall be all the more interested to see how the matter has been dealt with by the South Australian Parliament.







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