Repeal and
replace- ment of section 6.
(Cap. 255, 1953 Reprint).
Provided that-
(4) for any year of assessment on the first day of which rents are restricted by reference to rents recoverable on or before the 25th day of December, 1941, under the provisions of the Landlord and Tenant Ordinance, property tax shall be charged and computed at one-half the standard rate;
(b) where the owner of the land is not the owner of the buildings thereon, separate assessments shall be made for the land and for the buildings;
(c) property tax shall not be charged in respect of any land or buildings or land and buildings owned by the Government of a member of the Commonwealth;
(d) where no valuation has been made under the Rating. Ordinance in respect of any land or buildings, whether by reason of exemption from rates under that Ordinance or otherwise, the Commissioner of Rating and Valuation shall, if required by the Commissioner of Inland Revenue, cause a rateable value to be placed thereon in the same manner as if such land or buildings were subject to rates under the Rating Ordinance."
7. Section 6 of the principal Ordinance is repealed and replaced by the following section-
"Collection
tax.
8. (1) Property tax shall be payable in the first of property place by the person, whether owner, agent, or occupier, who pays the rates in respect of the land or buildings or land and buildings taxed.
(2) Where property tax is paid by any person other than the owner of the land or buildings or land and buildings taxed then the amount so paid shall be a debt due to such person from the owner and shall be recoverable as such from any rent or other monies due to the owner.
B.
(3). Where no rates are payable in respect of any land or buildings or land and buildings any property tax charged thereon shall be payable by the owner thereof,"
Section 7 of the principal Ordinance is repeated and Repeal and replaced by the following section--
"Reduction and refund in case of
7. Where it is proved to the satisfaction of the Commissioner that any land or buildings or land and unoccupied buildings have been unoccupied during one or more entire months of any year of assessment any property tax payable in respect thereof shall be reduced propor- tionately and any excess tax paid shall be refunded."
property.
9.
replace- ment of section 7.
The principal Ordinance is amended by the addition after Addition section 7 of the following new section--
of new maction TA,
"Inter- pretation.
TA. For the purpose of this Part- "land or buildings or land and buildings" includes
piers, wharves and other structures ;
"owner** includes a person who holds land or buildings or land and buildings subject to a ground rent or other annual charge;
"unoccupied" means put to no beneficial use other
than use as a habitation for a caretaker,''
10. The heading to Part III of the principal Ordinance is Amend- amended by the deletion therefrom of the words "and Annuities".
mant of heading to Part III.
11. Section 8 of the principal Ordinance is repealed and Repeal and replaced by the following section---
"Charge of
alarien
tax.
8. (1) Salories tax shall, subject to the provi- sions of this Ordinance, be charged for each year of assessment on every person in respect of his income arising in or derived from the Colony from the following sources-
(a) any office or employment of profit; and (b) any pension.
replace- ment of section 8.