Period of remission of tax
5.—(1)  The remission of tax under paragraph 3 in respect of any land shall be for a period of not more than 2 years from the date of vacation of the dwelling-house previously erected on the land or the date of submission of building plans to the Building Authority, whichever is the later, to the date of issue of the TOP or CSC of the replacement dwelling-house, whichever is the earlier.
(2)  No remission of tax under paragraph 3 shall be granted in respect of any land for any period before 11th July 1997.