INLAND REVENUE (AMENDMENT)
Ord. No. 16/74
A193
HONG KONG
No. 16 of 1974
I assent.
L.S.
MURRAY MACLEHOSE,
Governor.
28th March, 1974.
An Ordinance to amend the Inland Revenue Ordinance.
[29th March, 1974]
Enacted by the Governor of Hong Kong, with the advice and consent of the Legislative Council thereof.
1. (1) This Ordinance may be cited as the Inland Revenue Short title (Amendment) Ordinance 1974.
and com- mencement
(2) Section 3 shall be deemed to have had effect as from the of section 3. 1st April 1973.
2. Section 5 of the principal Ordinance is amended, in sub- section (1), by deleting paragraph (a) of the proviso and substituting the following-
"Cap. 7.) (a) where, by virtue of Part I of the Landlord and
(11 of 1973.)
Tenant (Consolidation) Ordinance the rent of any buildings is, on the first day of any year of assess- ment, restricted by reference to the rent recoverable on or before the 25th December 1941, property tax shall be charged at one-half the standard rate on the rateable value of such buildings contained in the valuation lists which came into effect on the 1st April 1973 and were kept in force by section 56(1) of the Rating Ordinance 1973, less an allowance for repairs and outgoings of twenty per cent of that rateable value.".
Amendment of section 5.
(Cap. 112.)
3. Section 7 of the principal Ordinance is amended by Amendment deleting "shall, in respect of each entire month during which the of section 7. land or buildings or land and buildings were unoccupied, be reduced by one twenty-fourth of the total tax which would have been payable in respect thereof if the same had been occupied for