1980-HKRS28-16-28_Part02 — Page 36

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principal Ordinance is amended-

enumbering the Fourteenth Schedule ALA the Fittesoth ule; and

Berting before the Fifteenth Schedule (as so renumbered) ollowing new Schedule-

"FOURTEENTH SCHEDULE

Tax. 3, 5. 14, 16, 17, 23, 24 & 27.3

dying on or after the commencement of the Estate ity” (Amendment) Ordinance 1980 and mil this t

Schedule is superseded)

the principal value of the estate

Estato duty

HeEpayable restate

HOT ENG

No. 34 of 1980

Per cent of

$

3,000 and does not exceed

650.000

10

9,000

700,000

11

3,000

800,000-

12

P

..

D

3,000

T

900,000

13

3,000

I

14

+

1,000

**

1,500,000

15

3,000

JP

..

10

2,000,000

16

3,000

3,000,000

17

0,000

18

I assent.

M N. Le

Governor.

10 July 1980.

An Ordinance to amend the Taland Revenue Ordinance.

[11 July 1980]

Enacted by the Governor of Hong Kong, with the advice and consent

of the Legislative Council thereat.

1. (1) This Ordinance may be cited as the Inlanď Revenue Short die wod (Amendment) (No. 2) Ordinance 1990 and, subject to subsection (2). aballadon apply to the year of assessment commencing on 1 April 1979 and sub- sequent years of assessment.

(2) As respects the year of assessment commencing on 1 April 1979, this Ordinance chall not apply to any person assessed under section 180(2) of the principal Ordinance prior to 27 February 1980.

2. Section (BD of the principal Ordinance is amended by inserting Amendment of after subsection (2) the following-

"(2A) Where a person ceases to carry on a relevant trade, profes- sion or business on or after April 1979, the following amowt shall be treated as assessable profits therefrom for the year of asseanment in which the cessation occurs and shall be in addition to the assessable profits therefrom which, apart from this subsection, fall to be computed for that year of assessment-

(4) in the case of an excepted trade, profession or business, the

amount, if any, by which the relevant profits therefrom

wection 18D. (CMP. 1123