Housing (Gaeltacht) (Amendment) Act, 1959
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Relief from rates. |
6.—(1) In every case in which— | |||||||||||||||||||||||||||||||||||||||||
(a) a building grant, hostel building grant or holiday chalet building grant, or a loan pursuant to a certificate under subsection (1A) (inserted by subsection (4) of section 5 of this Act) of section 8 of the Act of 1929 is made, and | ||||||||||||||||||||||||||||||||||||||||||
(b) an increase in the rateable valuation of the tenement consisting of or including the relevant dwelling-house, hostel or holiday chalet is made on an application for the revision of such valuation by reason solely or partly of the erection of such dwelling-house, hostel or holiday chalet, and | ||||||||||||||||||||||||||||||||||||||||||
(c) the increase is shown for the first time in any revised valuation lists under the Valuation Acts published on or after the 1st day of March, 1960, the valuation of such tenement shall, in each of the nineteen successive local financial years the first of which is that in which the tenant is first rated on the increased valuation, be deemed to be reduced for rating purposes by the proportion of such increase specified in the second 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” 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 referred to in subsection (1) of this section is first rated on the increased valuation referred to in that subsection or for the service of any of the next following eighteen local financial years. | ||||||||||||||||||||||||||||||||||||||||||
(3) Without prejudice to the generality of the provisions of the foregoing subsection restricting the meaning of “rating purposes”, it is hereby enacted in particular that notwithstanding the rateable valuation (in this subsection referred to as the full valuation) of a tenement being deemed under this section to be reduced in relation to any local financial year, 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 in relation to that year. | ||||||||||||||||||||||||||||||||||||||||||
(4) Subsection (1) of section 13 of the Act of 1929 is hereby amended as follows : | ||||||||||||||||||||||||||||||||||||||||||
(a) it shall not apply in a case in which subsection (1) of this section applies, | ||||||||||||||||||||||||||||||||||||||||||
(b) in any other case in which it applies, being a case in which the relevant increased valuation is shown for the first time in any revised valuation lists under the Valuation Acts published on or after the 1st day of March, 1960, the reference in the subsection to twenty years shall have effect as a reference to ten years. | ||||||||||||||||||||||||||||||||||||||||||
(5) In this section “local authority” has the same meaning as it has in section 13 of the Act of 1929. | ||||||||||||||||||||||||||||||||||||||||||
TABLE. | ||||||||||||||||||||||||||||||||||||||||||
Proportion of Increase in Valuation to be Reduced. | ||||||||||||||||||||||||||||||||||||||||||
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