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22 1997



Residential Property Tax

Abolition of residential property tax.

131. —Residential property tax shall not be charged, levied or paid under the provisions of section 96 of the Finance Act, 1983 , by reference to any valuation date (within the meaning of section 95 (1) of that Act) occurring on or after the 5th day of April, 1997.

Amendment of section 110A (clearance on sale of certain residential property) of Finance Act, 1983 .

132. Section 110A of the Finance Act, 1983 (inserted by the Finance Act, 1993 ) shall have effect, and shall be deemed always to have had effect, as if the following definition were inserted after the definition of “consideration”:

“‘general exemption limit’ has the meaning assigned to it by section 100;”.