Finance Act, 1974
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Apportionment of valuation. |
18.—(1) Where, in the case of property valued under the Valuation Acts as a unit, a part is and a part is not farm land, the rateable valuation of each part shall be arrived at for the purposes of this Chapter by apportionment of the rateable valuation of the property. | |
(2) Where farm land valued under the Valuation Acts as a unit is divided into two or more distinct occupations, the rateable valuation of the part occupied by each occupier shall be arrived at for the purposes of this Chapter by apportionment of the rateable valuation of the farm land concerned. | ||
(3) Any apportionment required by this section shall be made by the inspector according to the best of his knowledge and judgment. | ||
(4) Section 67 (3A) (c) of the Income Tax Act, 1967 , (inserted by section 31 of the Finance Act, 1969 ) shall apply in respect of any apportionment made under this section as it applies in respect of any apportionment made under section 67 (3A) (b) of the said Act. |