Tax liability timing clarified: chargeable in tax period containing the completion certificate or first occupation. Amendment replaces the subject phrase with ', who shall' and revises the timing rule so tax must be accounted for in a tax period not later than the tax period in which the issuance of the completion certificate or first occupation, whichever is earlier, falls; the amendment is effective from 2 June 2021.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Tax liability timing clarified: chargeable in tax period containing the completion certificate or first occupation.
Amendment replaces the subject phrase with ", who shall" and revises the timing rule so tax must be accounted for in a tax period not later than the tax period in which the issuance of the completion certificate or first occupation, whichever is earlier, falls; the amendment is effective from 2 June 2021.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.