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A property tax known as "rates" has been levied in Hong Kong since 1845. The tax applies to all domestic and commercial properties unless exempted, and is based upon the rental value of the property, re-assessed each year. Formerly part of the revenue went to the Urban Council and, from 1986, the Regional Council, but since 2000 the whole ...
Where the estimated rateable value does not exceed the minimum rateable value, the rateable value shall be deemed to be $1 and no demand for Government rent will be issued. That minimum rateable value, presently set at $3,000, is the same as the amount prescribed under Section 36(1)(l) of the Rating Ordinance for rates exemption purposes.
The Local Government (Rating) Act 2002 of New Zealand is an Act of New Zealand 's Parliament that empowers Local Government bodies to levy property taxes on property owners within their jurisdictions. These property taxes are called rates. They are assessed annually and usually paid in four equal instalments.
Territorial authorities may assess property values in three different ways – on the basis of land, annual or capital value – using valuations prepared in accordance with the Rating Valuations Act 1998. The valuation process is overseen by the Valuer-General. Each local authority, after consulting with their community, can decide which basis ...
Criminal prosecution. Legal profession. v. t. e. The District Court is the intermediate court system in Hong Kong, having limited criminal and civil jurisdictions. The District Court was established in 1953 with the enactment of the District Court Ordinance. [ 1] It is located in the Wanchai Law Courts, Wanchai Tower, 12 Harbour Road.
Property developer. Known for. Battling with the IRD. David Henderson is a New Zealand property developer based in Christchurch. [a] In 1994 he founded the libertarian magazine the Free Radical. [1] He was also a student of Zenith Applied Philosophy, "It really sparked my interest. I found it greatly stimulating and inspiring, immensely so.
A residential red zone is any of several areas of land in and around Christchurch, New Zealand, that experienced severe damage in the 2010 and 2011 Christchurch earthquakes and were deemed infeasible to rebuild on. Through voluntary buyouts, the Crown acquired and demolished or removed over 8,000 properties. [1]: 5 The majority were located in ...
Capitalization rate (or " cap rate ") is a real estate valuation measure used to compare different real estate investments. Although there are many variations, the cap rate is generally calculated as the ratio between the annual rental income produced by a real estate asset to its current market value. Most variations depend on the definition ...
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