【法规名称】
【法规编号】 68735 什么是编号？
【正 文】
第13页 CAP 556 MASS TRANSIT RAILWAY ORDINANCE
|
[接上页] (a) sections 79F to 79L of that Ordinance have effect as if- (i) reference in those sections to the company's accounts is a reference to the accounts of MTRC; and (ii) reference in those sections to the company's last annual accounts or to the initial accounts of the company is a reference to the accounts of MTRC prepared in accordance with section 16 of the repealed Ordinance in respect of the last complete financial year of MTRC;(b) the accounts of MTRC mentioned in paragraph (a)(ii) are regarded as satisfying the requirements of sections 79G and 79I of that Ordinance. Cap 556 s 45 Taxation Taxation and revenue matters (1) For the purposes of the Inland Revenue Ordinance (Cap 112), on and from the appointed day the Corporation is treated as if it were the continuation of and the same person in law as MTRC. (2) Accordingly (and without affecting the generality of subsection (1))- (a) a vesting in the Corporation of any property, right or liability by virtue of this Part does not constitute a sale or other disposal of or a change in the nature of that property, right or liability for any purpose under the Inland Revenue Ordinance (Cap 112); (b) the aggregate amount of any losses sustained by MTRC which are capable of but have not been carried forward and set off against assessable profits of MTRC for the purposes of section 19C of the Inland Revenue Ordinance (Cap 112) as at the end of the last complete financial year of MTRC are deemed to be losses of the Corporation and, accordingly, available for set off against the assessable profits of the Corporation (or the Corporation's share of assessable profits of a partnership in which it is a partner) for the purposes of that Ordinance.(3) The profits of MTRC treated as profits of the Corporation in accordance with section 43(3)- (a) shall not be taken into account for the purpose of computing the profits of MTRC which are chargeable to tax under Part IV of the Inland Revenue Ordinance (Cap 112) for any year of assessment; and (b) shall be taken into account for the purpose of computing the profits of the Corporation which are chargeable to tax under Part IV of the Inland Revenue Ordinance (Cap 112) for the year of assessment the basis period for which includes the appointed day. Cap 556 s 46 Stamp duty No stamp or other duty is chargeable in respect of the transfer or vesting of any property or rights taking effect by virtue of this Part. Cap 556 s 47 Interests in land Miscellaneous The vesting in the Corporation of an interest in land by virtue of this Part does not- (a) constitute an acquisition, disposal, assignment, transfer or parting with possession of that interest for the purposes of section 53(4)(a) or (7)(a) of the Landlord and Tenant (Consolidation) Ordinance (Cap 7); (Amended 16 of 2004 s. 16) (b) constitute an assignment, transfer, devolution, parting with possession, dealing with or other disposition of that interest for the purposes of any instrument concerning or affecting that interest; (c) operate as a breach of covenant or condition against alienation; (d) give rise to any right of pre-emption, right of forfeiture, right of re-entry, option, damages or other right of action affecting land; (e) invalidate or discharge any contract or security; (f) operate so as to merge any leasehold interest in the reversion expectant on it; (g) extinguish, affect, vary, diminish or postpone any priority of that interest, whether under the Land Registration Ordinance (Cap 128), at law or in equity. Cap 556 s 48 Perfection of vesting of foreign property, rights and liabilities (1) MTRC and the Corporation shall take, as and when the Corporation considers appropriate, all steps necessary or desirable for securing that the vesting in the Corporation under this Part of any foreign property, right or liability is effective under the relevant foreign law. (2) Until the vesting of any foreign property, right or liability of MTRC in the Corporation becomes effective under the relevant foreign law, MTRC shall hold that property or right for the benefit of, and discharge that liability on behalf of, the Corporat |
- 此法规有错误，我来纠正。请点击在此 提交错误内容或者您纠正的内容！