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Rates Concession

Rates Concession for the Financial Year 2017-2018

Rates concession will be given to all ratepayers to offset the rates payable for the four quarters from April 2017 to March 2018, subject to a ceiling of $1,000 per quarter for each rateable tenement. For properties liable to rates for part of a quarter, the ceiling will be adjusted in proportion to that partial period in the corresponding quarter. Any unused portion of the concession in each quarter cannot be used to offset the outstanding rates in any other quarters.

Rates Concession for the Financial Year 2016-2017

Rates concession was given to all ratepayers to offset the rates payable for the four quarters from April 2016 to March 2017, subject to a ceiling of $1,000 per quarter for each rateable tenement. For properties liable to rates for part of a quarter, the ceiling would be adjusted in proportion to that partial period in the corresponding quarter. Any unused portion of the concession in each quarter could not be used to offset the outstanding rates in any other quarters.

Rates Concession for the Financial Year 2015-2016

Rates concession was given to all ratepayers to offset the rates payable for the two quarters, April to June 2015 and July to September 2015, subject to a ceiling of $2,500 per quarter for each rateable tenement. For properties liable to rates for part of a quarter, the ceiling would be adjusted in proportion to that partial period in the corresponding quarter. Any unused portion of the concession in each quarter could not be used to offset the outstanding rates in any other quarters.

Rates Concession for the Financial Year 2014-2015

Rates concession was given to all ratepayers to offset the rates payable for the two quarters, April to June 2014 and July to September 2014, subject to a ceiling of $1,500 per quarter for each rateable tenement. For properties liable to rates for part of a quarter, the ceiling would be adjusted in proportion to that partial period in the corresponding quarter. Any unused portion of the concession in each quarter could not be used to offset the outstanding rates in any other quarters.

Rates Concession for the Financial Year 2013-2014

Rates concession was given to all ratepayers to offset the rates payable for the four quarters from April 2013 to March 2014, subject to a ceiling of $1,500 per quarter for each rateable tenement. For properties liable to rates for part of a quarter, the ceiling would be adjusted in proportion to that partial period in the corresponding quarter. Any unused portion of the concession in each quarter could not be used to offset the outstanding rates in any other quarters.

Rates Concession for the Financial Year 2012-2013

Rates concession was given to all ratepayers to offset the rates payable for the four quarters from April 2012 to March 2013, subject to a ceiling of $2,500 per quarter for each rateable tenement. For properties liable to rates for part of a quarter, the ceiling would be adjusted in proportion to that partial period in the corresponding quarter. Any unused portion of the concession in each quarter could not be used to offset the outstanding rates in any other quarters.

Rates Concession for the Financial Year 2011-2012

Rates concession was given to all ratepayers to offset the rates payable for the four quarters from April 2011 to March 2012, subject to a ceiling of $1,500 per quarter for each rateable tenement. For properties liable to rates for part of a quarter, the ceiling would be adjusted in proportion to that partial period in the corresponding quarter. Any unused portion of the concession in each quarter could not be used to offset the outstanding rates in any other quarters.

Rates Concession for the Financial Year 2010-2011

Rates concession was given to all ratepayers to offset the rates payable for the four quarters from April 2010 to March 2011, subject to a ceiling of $1,500 per quarter for each rateable tenement. For properties liable to rates for part of a quarter, the ceiling would be adjusted in proportion to that partial period in the corresponding quarter. Any unused portion of the concession in each quarter could not be used to offset the outstanding rates in any other quarters.

Rates Concession for the Financial Year 2009-2010

Rates concession was given to offset the rates payable for the two quarters, April to June 2009 and July to September 2009, subject to a ceiling of $1,500 per quarter for each rateable tenement. For properties liable to rates for part of a quarter, the ceiling would be adjusted in proportion to that partial period in the corresponding quarter. Any unused portion of the concession in each quarter could not be used to offset the outstanding rates in any other quarters.

The Financial Secretary announced on 26 May 2009 a new round of relief measures which included extending the rates concession for two more quarters, October to December 2009 and January to March 2010, subject to a ceiling of $1,500 per quarter for each rateable tenement. Any unused portion of the concession in each quarter could not be used to offset the outstanding rates in any other quarters.

Rates Concession for the Financial Year 2008-2009

Rates concession was given to offset the rates payable for the four quarters from April 2008 to March 2009, subject to a ceiling of $5,000 per quarter for each rateable tenement. For properties liable to rates for part of a quarter, the ceiling would be adjusted in proportion to that partial period in the corresponding quarter. Any unused portion of the concession in each quarter could not be used to offset the outstanding rates in any other quarters.

Rates Concession for the Financial Year 2007-2008

Rates concession was given to offset the rates payable for the April to September 2007 and January to March 2008 quarters, subject to a ceiling of $5,000 per quarter for each rateable tenement. For properties liable to rates for part of a quarter, the ceiling would be adjusted in proportion to that partial period in the corresponding quarter. Any unused portion of the concession in each quarter could not be used to offset the outstanding rates in any other quarters.

Summary of Rates Concession for the Financial Years from 2007/08 to 2017/18

Financial Year Rates Concession
April 2017 – March 2018 A ceiling of $1,000 per quarter for each rateable tenement.
April 2016 – March 2017 A ceiling of $1,000 per quarter for each rateable tenement.
April 2015 – March 2016 April 2015 –
September 2015
A ceiling of $2,500 per quarter for each rateable tenement.
October 2015 –
March 2016
No Rates Concession.
April 2014 – March 2015 April 2014 –
September 2014
A ceiling of $1,500 per quarter for each rateable tenement.
October 2014 –
March 2015
No Rates Concession.
April 2013 – March 2014 A ceiling of $1,500 per quarter for each rateable tenement.
April 2012 – March 2013 A ceiling of $2,500 per quarter for each rateable tenement.
April 2011 – March 2012 A ceiling of $1,500 per quarter for each rateable tenement.
April 2010 – March 2011 A ceiling of $1,500 per quarter for each rateable tenement.
April 2009 – March 2010 A ceiling of $1,500 per quarter for each rateable tenement.
April 2008 – March 2009 A ceiling of $5,000 per quarter for each rateable tenement.
April 2007 – March 2008 April 2007 –
September 2007
A ceiling of $5,000 per quarter for each rateable tenement.
October 2007 –
December 2007
No Rates Concession.
January 2008 –
March 2008
A ceiling of $5,000 for each rateable tenement.


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