Housing Act, 1966
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Modification and restriction on increase of rateable valuation in certain cases. |
33.—(1) In every case in which a grant is made under section 15 , 16 , 17 , 18 or 20 of this Act, or in case a grant is made under section 6 of the Act of 1962 (repealed by this Act) or section 19 of this Act as respects the erection of a house, and a revision in the rateable valuation of the tenement consisting of or including the house, flat or maisonette, as the case may be, to which the grant relates is made, such amount of the revised valuation as is attributable to the erection of the house, flat or maisonette shall, in each of the nine successive local financial years following the local financial year in which the house, flat or maisonette is completed, be deemed to be reduced for rating purposes, by the proportion of such amount specified in the column of the Table to this section opposite the number of the year in the first column of the Table. | |||||||||||||||||||||
(2) In this section, “rating purposes” in relation to a tenement means the following (and no other) purposes, that is to say, the purpose of the assessment and levying of any rate raised by a local authority for the service of the local financial year in which the tenement is first rated on the increased valuation referred to in subsection (1) of this section or for the service of any of the next following eight local financial years. | ||||||||||||||||||||||
(3) Without prejudice to the generality of subsection (2) of this section every computation for the purposes of the Income Tax Acts of the annual value of such tenement shall be made in like manner as if the full valuation were in force for the purposes of county rate or municipal rate, as the case may be, in relation to that year. | ||||||||||||||||||||||
(4) In every case in which a grant is made under sections 21 , 23 , 25 or 32 of this Act, or in case a grant is made under section 6 of the Act of 1962 (repealed by this Act) or section 19 of this Act, as respects the reconstruction or conversion of a house, the valuation of the tenement consisting of or including the house to which any such grant relates shall not, on any valuation or revision of the valuation thereof coming into force within seven years after the completion of the relevant works, be increased on account of any increase in the value of such tenement arising from the relevant works. | ||||||||||||||||||||||
(5) In this section, “the relevant works” means— | ||||||||||||||||||||||
(a) in relation to a grant under section 6 of the Act of 1962 or section 19 of this Act as respects the reconstruction or conversion of a house—the reconstruction or conversion; | ||||||||||||||||||||||
(b) in relation to a grant under the said section 21—the reconstruction within the meaning of the said section 21; | ||||||||||||||||||||||
(c) in relation to a grant under the said section 23—the essential repairs; | ||||||||||||||||||||||
(d) in relation to a grant under the said section 25—the works executed in pursuance of section 69 of this Act; | ||||||||||||||||||||||
(e) in relation to a grant under the said section 32—the works executed in providing the extra room, hut or chalet. | ||||||||||||||||||||||
TABLE | ||||||||||||||||||||||
Reduction in Valuation of House, Flat or Maisonette | ||||||||||||||||||||||
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