Regulation 4
Assessment of annual value for year of commencement of operations
of Property Tax (Valuation by Gross Receipts for Port Facilities) Order
Subsidiary LegislationIn forceProvision 4 of 8
Regulation 4
Where the annual value of a port facility is assessed in the year of commencement of its operations, the annual value shall be based on the annual equivalent of the gross receipts from the port operations carried out at the port facility for that year.