Property Transfer Tax (Amendment) Act, 2013 (No. 14 of 2013)

Property Tramfer Tax (Amendment) (No. 14 of2013 289 GOVERNMENT OF ZAMBIA ACT No. 14 of 2013 Date of Assent: 20th December, 2013 An Act to amend the Property Transfer Tax Act. [ 20th December, 2013 ENACTED by the Parliament of Zambia. Enactment 1. (I) This Act may be cited as the Property Transfer Tax Short title (Amendment)Act, 2013, and shall be read as one with the Property Transfer Tax Act, in this Act referred to as the principal Act. (2) This Act shall come into operation on 1st January, 2014. Cap. 340 2. Section/our of the principal Act is amended by the deletion Amendment of subsection (2) and the substitution therefor of the following: of section 4 (2) The rate of tax shall be ten percent of the realised value of the property. 3. Section six of the principal Act is amended by the deletion, Amendment in subsection (I), of paragraph (t) and the substitution therefor of of section 6 the following: (t) the organisations listed in paragraphs 5 (1) and (2) of the Second Schedule to the Income Tax Act; Cap. 323 Single copies of this Act may be obtained from the Government Printer, P.O. Box 30136, 10101 Lusaka, Price K 1.00 each.