Cap 601 s 41 Exemption from taxation (WEST KOWLOON CULTURAL DISTRICT AUTHORITY ORDINANCE)

Contents of Section

Chapter:	601	Title:	WEST KOWLOON CULTURAL DISTRICT AUTHORITY ORDINANCE	Gazette Number:	27 of 2008
Section:	41	Heading:	Exemption from taxation	Version Date:	11/07/2008

(1) The Authority is exempt from taxation under the Inland Revenue Ordinance (Cap 112).
(2) The Authority is also exempt from stamp duty under the Stamp Duty Ordinance (Cap 117) in respect of any instrument relating to—

(a) the conveyance of any immovable property under which the beneficial interest of the property passes by way of gift to the Authority; or

(b) the transfer of any stock within the meaning of that Ordinance, under which the beneficial interest of the stock passes by way of gift to the Authority.