XN000022-1982-01-20 — Page 16

WEDNESDAY, JANUARY 20, 1982

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PROPERTY TAX

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THE INLAND REVENUE (AMENDMENT) BILL 1982 WHICH SEEKS MAINLY TO ENSURE THAT NO PROPERTY OWNER WILL BE REQUIRED TO PAY PROPERTY TAX ON ASSESSABLE VALUES EXCEEDING THE ACTUAL RENT WAS INTRODUCED IN THE LEGISLATIVE COUNCIL TODAY (WEDNESDAY).

MOVING THE SECOND READING OF THE BILL, THE FINANCIAL SECRETARY, THE HON JOHN BREMRIDGE SAID THE BILL PROVIDES THAT WHERE THE ASSESSABLE VALUE EXCEEDS THE ANNUAL RENT, THE ASSESSABLE VALUE SHALL BE REDUCED TO THE ANNUAL RENT.

MR BREMRIDGE SAID THE BILL ALSO PROVIDES FOR A SECOND HOME+ WHICH IS OCCUPIED BY THE OWNER AND NOT PRODUCING RENTAL INCOME ALSO TO BE RELIEVED FROM PROPERTY TAX.

EXEMPTION FROM PROPERTY TAX ON THE GROUNDS OF OWNER OCCUPATION FOR RESIDENTIAL PURPOSES WAS PREVIOUSLY RESTRICTED TO ONE PROPERTY ONLY, HE SAID.

HOLIDAY MAIL

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ALL POST OFFICES WILL BE CLOSED ON SUNDAY, MONDAY AND WEDNESDAY (JANUARY 24, 25 AND 27) DURING THE LUNAR NEW YEAR HOLIDAYS, THE POSTMASTER GENERAL ANNOUNCED TODAY.

ON TUESDAY (JANUARY 26) 33 POST OFFICES, INCLUDING THE CENERAL POST OFFICE ON HONG KONG ISLAND, KOWLOON CENTRAL AND TSIM SHA TSUI IN KOWLOON, AND TSUEN WAN AND TAI PO POST OFFICES IN THE NEW TERRITORIES, WILL BE OPEN FROM 9 AM TO 12 NOON.

THERE WILL BE ONE DELIVERY OF YAIL ON SUNDAY AND ON TUESDAY.

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