Tax on new buildings, etc.
21.—(1)  Subject to subsection (2), where any new building is erected and no action is taken in respect thereof for any reason whatsoever to amend the Valuation List for the year in which the work of erecting the building was completed, the tax in respect of the building shall, notwithstanding that the Valuation List has not been duly amended under section 20, be payable from the date of completion of the work of erecting the building.
[24/73]
(1A)  The tax payable under subsection (1) shall be calculated on the basis of the annual value or revised annual value, as the case may be, subsequently ascribed to the building in a subsequent Valuation List.
[24/73]
(2)  Where any part of the building which is under construction (whether divided laterally or horizontally) is used for the purpose of human habitation or otherwise before the work of erecting the building is completed and no action is taken in respect thereof for any reason whatsoever to amend the Valuation List for the year in which that part of the building was used, the tax in respect of that part of the building shall, notwithstanding that the Valuation List has not been duly amended under section 20, be payable from the date of use of that part of the building.
[24/73]
(2A)  The tax payable under subsection (2) shall be calculated on the basis of the annual value or revised annual value, as the case may be, subsequently ascribed to that part of the building in a subsequent Valuation List.
[24/73]
(3)  Where any building is rebuilt, enlarged, altered or improved and no action is taken in respect thereof for any reason whatsoever to amend the Valuation List for the year in which the work of rebuilding, enlarging, altering or improving the building was completed, the tax in respect of the building shall, notwithstanding that the Valuation List has not been duly amended under section 20, be payable from the date of completion of the work of rebuilding, enlarging, altering or improving the building.
[24/73]
(3A)  The tax payable under subsection (3) shall be calculated on the basis of the annual value or revised annual value, as the case may be, subsequently ascribed to the building in a subsequent Valuation List.
[24/73]
(4)  Where any property is included for the first time in a Valuation List for any year, the tax in respect of the property shall, notwithstanding that the property has not previously been included in any Valuation List authenticated under this Act, be payable in the case of a building from the date of completion of the building and in the case of land from such date as may be determined by the Comptroller, but in none of these cases shall the tax be payable for more than 6 years prior to such inclusion; and such tax shall be calculated on the basis of the annual value ascribed to the property in the Valuation List.
[24/73]
(5)  Where any building ceases to be vacant or to be occupied by the owner thereof and is let to a tenant or where the rent of any building is increased, directly or indirectly, and no action is taken in respect thereof for any reason whatsoever to amend the Valuation List for the year in which the letting or increase of rent occurs, the tax in respect of the building shall, notwithstanding that the Valuation List has not been duly amended under section 20, be payable from the date of the letting or increase of rent, as the case may be, on the basis of any revised annual value which may be ascribed to the building in a subsequent Valuation List.
[24/73; 46/96]
(6)  The Comptroller may, at any time and as often as he thinks necessary, serve on any person a notice requiring him to make, within 21 days from the date of the notice, a return in such form as may be prescribed by the Comptroller, containing such particulars as may be required for the purpose of determining the tax payable in accordance with this section.
[24/73]
(7)  Any person on whom such a notice has been served who fails to comply with the terms of the notice shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $1,000.
[24/73; 46/96]
(8)  Any person who in a return made under this section makes any statement which is false in any material particular shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $2,000 or to imprisonment for a term not exceeding 3 months or to both.
[24/73; 46/96]