CO129-615-2 Income tax 10-3-1947 - 6-2-1948 — Page 100

A.D. 1947

INLAND REVENUE.

(iii) In the case of the New Territories other than New Kowloon, the rateable value for the purpose of Property Tax shall be taken at one-fourteenth of the value of the buildings as assessed under the Rating Ordinance, 1901;

(iv) Where the owner of the land is not the owner of the buildings thereon, a separate assessment shall be made for the land and for the buildings;

(v) Property tax shall not be charged on any land and/or buildings which are exempt from rates by virtue of section 39(2) of the Rating Ordinance,

1901.

[No. 20

7. Property tax shall be payable in the first place by By whom the person, whether owner, agent or occupier, who pays the payable. assessed rates in respect of the land and/or buildings taxed. Where such payment is made by any person other than the owner of the property then the amount so paid by way of property tax shall be a debt due from the owner and recoverable as such from any rent or other moneys due to him. Where such payment is made by any person other than the owner of the land and buildings then the amount so paid by way of Property Tax shall be a debt due from the person assessed under section 6.

unoccupied

8. A proportionate refund of property tax may be Refund in made whenever any land and/or buildings is proved to the case of satisfaction of the Commissioner to have been unoccupied property. during one or more entire months of any year of assessment.

CHAPTER III.

Salaries and Annuities Tax.

and

9. Salaries and Annuities Tax shall be charged at the Imposition rates provided for in section 14 and subject to the allowances of Salaries hereinafter provided on all income arising in or derived from Annuities the Colony in respect of—

(a) any office or employment of profit; and (b) any pension or annuity:

Provided that the following shall be exempt-

(i) The official emoluments received by the officer administering the Government;

Tax.

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