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PART 5
Amendments to Part 4 of Principal Act
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Amendment of section 13 of Principal Act
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20. Section 13 of the Principal Act is amended—
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(a) by the insertion of the following subsection after subsection (1):
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“(1A) In this Act, a period of years referred to in paragraph (a), (b) or (c) of subsection (2) is referred to as a valuation period.”,
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and
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(b) by the substitution of the following subsection for subsection (2):
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“(2) The valuation date in relation to a relevant residential property shall be—
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(a) 1 May 2013 for the years 2013 to 2021,
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(b) 1 November 2021 for the years 2022 to 2025, and
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(c) for each consecutive 4-year period after the year 2025, 1 November in the year preceding the first year of the particular 4-year period.”.
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