Housing (Financial and Miscellaneous Provisions) Act, 1932
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Remission of rates and valuation of reconstructed houses. |
10.—(1) A local authority, having power to levy rates, shall— | |
(a) in every of the first nineteen local financial years after the valuation for rating purposes of a house in respect of the erection of which a grant shall have been made by the Minister to a person or a public utility society under paragraph (a) of sub-section (1) of section 5 of this Act, remit the proportion of the rates leviable by the local authority in respect of that house in any such year specified in the second column of the Second Schedule to this Act opposite to the number of such year in the first column of the said Schedule; | ||
(b) in every of the first seven local financial years after the valuation for rating purposes of a house in respect of which a grant shall have been made by the Minister to a person or a public utility society under paragraph (b), (c), (d), (e), (f), or (g) of sub-section (1) of section 5 of this Act remit two-thirds of the rates leviable by the local authority in respect of that house in any such year. | ||
(2) Neither the hereditament or tenement upon which was built a house in respect of the reconstruction whereof by a person a grant shall have been made by the Minister under this Part of this Act nor such house when so reconstructed shall be liable to be valued under the Valuation Acts, in any valuation coming into force within seven years after the completion of such reconstruction, at a sum larger than the valuation in force immediately before the commencement of such reconstruction. |