34
(7) Prior to final publication, the Commissioner must provide the applicant with a draft
copy of the edited ruling for review and comment.
(8) It is the sole and exclusive responsibility of the applicant to communicate with the
affected class members regarding the application for the binding class ruling, the issuance,
withdrawal or modification of such ruling, or any other information or matters pertaining to
such ruling.
Procedures and guidelines
13. The Commissioner may issue procedures and guidelines, in the form of binding
general rulings, for the implementation and operation of the advance tax ruling system
established by this Schedule.”.
PART III
STAMP DUTIES
34
Amendment of Schedule to Chapter II of Cap. 23:04
With effect from the 1st January, 2007, the Schedule (“Stamp Duty on Instruments and other
Matters”) to Chapter II of the Finance Act [Chapter 23:04] is amended in item 3 by the deletion
of “10 00” and the substitution of “100 00”.
PART IV
ESTATE DUTY
35
Amendment of Schedule to Chapter VI of Cap. 23:04
With effect from the 1st January, 2007, the Schedule to Chapter VI of the Finance Act
[Chapter 23:04] is amended in paragraph 6E by the repeal of proviso (ii) thereto and the
substitution of⎯
“(ii) only such portion of the value of the property included in the estate as exceeds
one hundred million dollars shall be deemed to be the dutiable amount.”.
PART V
CAPITAL GAINS TAX
36
Amendment of section 11 of Cap 23:01
With effect from the year of assessment beginning on the 1st January, 2007, section 11
(“Deductions allowed in determination of capital gain”) of the Capital Gains Tax Act [Chapter
23:01] is amended in subsection (2) by the repeal of paragraph (c) and the substitution of—
“(c ) in respect of the year of assessment beginning on the 1st January, 2007, and any
subsequent year of assessment, an amount determined in accordance with the
following formula:
Select target paragraph3
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