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16 & 17 Vict. c. 34. s. 40.
Income tax may be deducted from rent, &c. at the rate or rates chargeable during the period when the rent, &c. was accruing.
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15. And whereas under and by virtue of the fortieth section of the Income Tax Act, 1853, persons liable to the payment of rent, yearly interest, or any annuity or other annual payment therein mentioned, are entitled and authorized on making such payment to deduct and retain thereout the amount of the rate of income tax which shall be payable at the time when such payment becomes due: Be it enacted, that the persons liable to and making any such payment as aforesaid shall be entitled and are hereby authorized to deduct and retain thereout the amount of the rate or a proportionate amount of the several rates of income tax which were chargeable by law upon or in respect of such rent, interest, annuity, or other annual payment, or the source thereof, during the period through which the same was accruing due, anything in the said recited Act to the contrary notwithstanding.
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