Property Tax Act 1960 s 7

s 7 Valuation by gross receipts

7. The Minister may, by order in the Gazette, require the annual value of any property or part thereof falling within such category as may be prescribed to be assessed on the basis of the gross receipts (whether in the preceding or current year) arising from the use of that property for the purposes of any trade or business and such assessment must be determined in the manner specified in the order.

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