|
|
Treatment of certain mines, rights to drill and apartments for rates purposes.
|
59.—(1) A mine which has been opened on a date before the commencement of this Act (not being a date that falls more than 7 years before such commencement) shall not be rateable until the year after the year in which the mine shall have been opened for 7 years.
|
|
| |
(2) An abandoned mine which has been reopened on a date before the commencement of this Act (not being a date that falls more than 7 years before such commencement) shall not be rateable until the year after the year in which the mine shall have been reopened for 7 years.
|
|
| |
(3) A right to drill for and take away petroleum in respect of a particular oil pool, being a pool from which oil was first produced on a date before the commencement of this Act (“the date of first production”), not being a date that falls more than 20 years before such commencement, shall not be rateable until the 20th year from the date of first production.
|
|
| |
(4) An apartment—
|
|
| |
(a) which ceases to be used as part of an apart-hotel for a period of 12 months or less, and
|
|
| |
(b) which, but for this subsection, would not be rateable during that period by reason of its being a domestic premises,
|
|
| |
shall be rateable during that period, unless otherwise exempted from being rateable by virtue of this Act.
|
