1989 Ed.]
Inland Revenue
[CAP. 112
141
(7) Where in any year of assessment a notice for payment of provisional property tax has been given under subsection (6) and thereafter the allowance mentioned in section 5(1A) or the rate of provisional property tax for that year of assessment is amended, the amount of provisional property tax stated in the notice shall nevertheless be payable.
(8) For the purposes of Part XII, provisional property tax shall be deemed to be a tax charged under this Ordinance and a notice under subsection (7) shall be deemed to be a notice of assessment.
(Added 8 of 1983 s. 18)
63N. Demands for provisional property tax
In any year of assessment, a notice for payment of provisional property tax may be
(a) given separately to the person liable to pay that provisional property tax; or
(b) included in a notice of assessment to property tax.
(Added 8 of 1983 s. 18)
63O. Holding over of payment of provisional property tax
(1) Where in relation to any year of assessment a person is liable to pay provisional property tax, he may, by notice in writing lodged with the Commissioner not later than 28 days before the day by which the provisional property tax is to be paid, apply to the Commissioner on any of the grounds specified in subsection (2) to have the payment of the whole or part of such tax held over until he is required to pay property tax for that year of assessment or, in the case of an application on the ground set out in subsection (2)(d), until-
(a) the determination of the objection or settlement thereof under section 64(3); or
(b) he is required to pay property tax for that year of assessment, whichever is the sooner.
(2) The grounds referred to in subsection (1) are-
(a) that the assessable value for the year of assessment is, or is likely to be, less than 90% of the assessable value for the year preceding the year of assessment or of the estimated assessable value in respect of which the person is liable to pay provisional property tax;
(b) that the person assessed to provisional property tax has ceased, or will before the end of the year of assessment cease, to be an owner of land or buildings or land and buildings and that the assessable value for the year of assessment is, or is likely to be,