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Monday, April 2, 1973
NEW RATING LAW NOW IN FORCE
The Commissioner of Rating and Valuation, Mr. R.A. Fry, today reminded
ratepayers that with effect from April 1 this year refunds of rates on vacant
premises will be limited to half the amount paid, excluding any surcharge.
Where land (without buildings) is vacant and where premises are
unoccupied because of a Government order, rates will continue to be refunded
in full.
The Commissioner emphasized that ratepayers must give notice in
writing not later than the 15th day of the month from the first day on which
the premises become vacant, otherwise no refund may be approved.
However, in respect of premises assessed to rates for the first time,
premises assessed following alterations and premises assessed following a period
of exemption the department must be notified of any vacancy not later than
the last day on which rates are payable.
Refunds of rates on account of vacancy are payable only where premises
are vacant for one or more entire months and anyone wishing to have further
information on this subject may enquire at the offices of the Rating and Valuation
Department, 1 Garden Road, Hong Kong or telephone 5-249021.
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