Regulation 6

The tax payable per annum in respect of any residential premises that are owner‑occupied shall be at the rates specified in Part 1 of the Schedule on every dollar of the annual value thereof, as from (and including) 1 January 2025 or the date on which the residential premises become owner‑occupied, whichever is the later.

Notwithstanding sub‑paragraph (1), the rates referred to therein shall not be applied to any premises unless the owner thereof satisfies the Comptroller, in such manner as the Comptroller may direct, that the premises are residential premises that are owner‑occupied in accordance with paragraph 4.