6
CAP. 40]
Crown Leases
[1986 Ed.
(Cap. 116.)
Provided that this subsection shall not apply to any lot or section if its effect would be to reduce the rateable value of that lot or section to less than it would have been had the interim valuation not been made.
(b) For the purposes of paragraph (a) “redevelopment” in relation to a lot or section means the construction wholly or partly on the lot or section of a new building. (Replaced, 56 of 1978, s. 2)
(3A) For the purposes of subsections (2) and (3), a tenement shall be deemed to be comprised partly in a lot or section if the building in which it is contained stands partly on the lot or section; and where a tenement is so deemed to be comprised partly in a lot or section, there shall be included for the purpose of determining the rateable value of the lot or section only that proportion of the rateable value in the list declared under section 13 of the Rating Ordinance or the interim valuation of the tenement as the area of the lot or section bears to the area of all the lots or sections on which the building stands. (Added, 56 of 1978, s. 2)
(4) The reference in this Ordinance to the rateable value of a tenement as set out on the relevant day in the list declared under section 13 of the Rating Ordinance includes a reference to the rateable value of any tenement ascertained pursuant to subsection (6) and the rateable value provided for by subsection (7).
(5) The reference in this Ordinance to the rateable value or the interim valuation of a tenement made by the Commissioner under the Rating Ordinance is, in a case where such rateable value or such interim valuation is varied on appeal under section 42 of that Ordinance, a reference to such rateable value or such interim valuation as so varied.
(6) Where no rateable value of a tenement has been ascertained under the Rating Ordinance whether by reason of the exemption of such tenement from assessment to rates or otherwise, the Commissioner shall if required by the Director ascertain the rateable value thereof as if the same were assessable to rates under that Ordinance.
(7) Where on the relevant day no rates are payable under the Rating Ordinance in relation to a tenement, otherwise than by reason of any exemption under section 36 of that Ordinance, the rateable value for the purposes of this section, of the lot or section comprising such tenement shall be- (Amended, 56 of 1978, s. 2)
(a) the rateable value of the tenement of which the land comprised in such lot or section formed part as last ascertained by the Commissioner for rating purposes; or
(b) the aggregate of the rateable values of
(i) such tenements; or
(ii) the tenements which included any interest in such land; or