Land Development Duty Act.

Country/Territory: Barbados
Document type: Legislation
Date: 1962 (1989)
Source: FAO, FAOLEX
Original source: Laws of Barbados, pp. 1-22.
Long title: An Act to make provision for the imposition of duties on sales of land in areas where the Government undertakes or proposes to undertake substantial expenditure from public funds, to impose betterment charges on development of lands in such areas and to provide for matters connected therewith or incidental thereto.

Subject: Land & soil
Keyword: Land-use planning Tax/levy Land valuation Legal proceedings/administrative proceedings
Geographical area: Americas, Caribbean, Latin America and the Caribbean, North Atlantic, Small Island Developing States

Abstract: This Act concerns the imposition of a development charge on the occasion of every transfer of a fee simple of any land in a special development area at any time during a valuation period. A special development area shall be declared by the Minister. The Act provides rules for the assessment of value of land and the calculation of the development duty. Any person aggrieved by a decision of the Commissioner may appeal to the Income Tax Appeal Board against (a) the amount of any assessment of development duty under this Act; or (b) a refusal of the Commissioner to make any allowances under this Act.
Full text: English