Land Development Duty Act.
Country
Type of law
Legislation
Date of original text
Date of latest amendment
Abstract
This Act concerns the imposition of a development charge on the occasion of every transfer of a fee simple of any land in a special development area at any time during a valuation period. A special development area shall be declared by the Minister. The Act provides rules for the assessment of value of land and the calculation of the development duty. Any person aggrieved by a decision of the Commissioner may appeal to the Income Tax Appeal Board against (a) the amount of any assessment of development duty under this Act; or (b) a refusal of the Commissioner to make any allowances under this Act.
Attached files
Long title of text
An Act to make provision for the imposition of duties on sales of land in areas where the Government undertakes or proposes to undertake substantial expenditure from public funds, to impose betterment charges on development of lands in such areas and to provide for matters connected therewith or incidental thereto.
Notes
Consolidated version of Act No. 34 of 1962 (Cap. 78) as amended last by Act No. 12 of 1988 and authorized by L.R.O. 1989.
Repealed
No
Serial Imprint
Laws of Barbados, pp. 1-22.
Source language
English
Legislation Amendment
No