1979-HKRS28-16-27_Part01 — Page 17

Ammending

of section 7B.

Amendmen J.

of meetiga 70.

3.

2

(ii) a clan, family or t'ong, which land or building or land and building or part if situate in the New Territories is certified by the Secretary for the New Territories, or if situate in the urban areas is certiffed by the Secretary for Home Affairs, to be the ancestral property of the clau or family or the property of the t'ong. and occupied by such person, clan, family and t'ong solely for the purposes of a club or similar institution or a trade, professional or business association or for the purposes of the clan, family or t'ong, as the case may be, throughout the whole of any year of assessment, property tax shall not be charged in respect thereof for that year of assesment, and doy tax püid shall be re- funded:

Provided that where, during a year of assessment, such person, clan, family oq t'ong received any rent or i other similar consideration, other than from a member of the club or similar institution or of the trade, PTO- fessional or business agacitation or of the clan, family or t'ong, under a lease or licence or en agreement for å lease or licence of such land or building or land and building or part thereof, property tax shall be charged for that year in accordance with subsection (1) by reference to-

() the proportion which the area the subject of the lease or licence or agreement therefor bears to the total ares of the whole of the land or building or land and building or part; and

(i) the proportion which the number of days during which such land or building or land and building or part was subject to such lease or licence or agreement therefor during that year bears to the number of days in that year."

Section 7M1) of the principal Ordinance is amended by deleting "or (c)" and substituting the following-

*

(c) or (d)".

4. Section 70 of the principal Ordinance is amended by inserting after "profits" wherever it occurs of the following-

'or det assessable value"*.

Passed by the Hong Kong Legislative Council this 24th day of January, 1979.

Pla

Clerk to the Legislative Council.

This printed impression has been carefully compared by me with the bill, and is found by me to be a true and correctly printed copy of the said bill.

Pla

Clerk to the Legislative Council.

G.

I

25% Id