Land Valuation And Tax (Special Provisions) Act 1995

Link to law: http://www.bermudalaws.bm/Laws/Annual%20Laws/1995/Acts/Land%20Valuation%20And%20Tax%20%28Special%20Provisions%29%20Act%201995.pdf

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Land Valuation And Tax (Temporary Provisions) Act 1995
The Laws of Bermuda
Annual Volume of Public Acts 1995 : 29

1

161

BERMUDA
1995 : 29

LAND VALUATION AND TAX (SPECIAL PROVISIONS) ACT 1995

[Date of Assent 30 June 1995]

[Operative Date 30 June 1995]

WHEREAS it is expedient to extend the validity of the valuation
list that is currently in force under the Land Valuation and Tax Act
1967:

Be it enacted by The Queen's Most Excellent Majesty, by and
with the advice and consent of the Senate and the House of Assembly of
Bermuda, and by the authority of the same, as follows:

Short title and construction
1 (1) This Act may be cited as the Land Valuation and Tax
(Special Provisions) Act 1995.

(2) This Act shall be read and construed as one with the 1967
Act.

Interpretation
2 In this Act

"the Minister" means the Minister responsible for Land
Valuation;

"the 1967 Act" means the Land Valuation and Tax Act 1967;

LAND VALUATION AND TAX (SPECIAL PROVISIONS) ACT 1995

2

162

"the 1995 draft list" means the quinquennial draft valuation list
that was placed on deposit on 31 March 1995;

"the new 1995 draft list" has the meaning assigned to that
expression in subsection (2) of section 3.

Postponement of effective date of next revaluation
3 (1) Notwithstanding anything to the contrary in, or done under,
the 1967 Act, the date by which the quinquennial draft valuation list
next due to be prepared pursuant to section 26(1) of the 1967 Act shall
come into effect shall, instead of being 1 July 1995, as now appointed by
law, be 1 July 1996; and, accordingly, the 1995 draft list is cancelled
with effect from the time of its deposit and ceases to have effect as a
quinquennial draft valuation list for any purpose.

(2) The list first mentioned in subsection (1) is in this Act called
"the new 1995 draft valuation list".

(3) Notwithstanding the cancellation of the 1995 draft list by
subsection (1), any objection that any person made under the 1967 Act
to that list, unless withdrawn by him, continues valid and in force as an
objection made by him to the new 1995 draft list.

Treatment of supervening changes for purposes of new 1995 draft
list
4 For the avoidance of doubt, it is declared that—

(a) any physical change occurring at any time in a valuation
unit shall be taken into account; but

(b) any rent agreed on or after 31 March 1995 in relation to
a valuation unit shall be disregarded,

in the preparation of the new 1995 draft list.