Page:Inland Revenue Ordinance, 1947 (Cap. 112).pdf/9

A.D. 1947]


 * (iii) where a place of residence is provided by an employer at a rent less than the rental value, the excess of the rental value over such rent.

(2) The rental of any place of residence shall be the rental value payable by the employer or if the place of residence is owned by the employer the rateable value arrived at in accordance with section 6: Provided that for the purposes of subsections (1) (ii) and (iii), any excess of rental value over—
 * (a) one-sixth of the income described in subsection (1) (i); or
 * (b) four thousand dollars, whichever is the lower amount,

shall be disregarded.

(3) For the purpose of this Chapter a pension or annuity includes any annual payment not being—
 * (a) income as defined in subsection (1) of this section,
 * (b) income chargeable to tax under Chapters II, IV or V,
 * (c) a return of capital,

and shall include a pension or annuity which is voluntary or is capable of being discontinued.

11. The income as defined in section 10 of a married woman who is not living apart from her husband under the decree of a competent court or a duly executed deed of separation shall, for the purposes of this Chapter, be deemed to be the income of her husband and shall be chargeable accordingly: Provided that such part of the total amount of the tax charged to the husband as appears to the Commissioner to be charged in respect of the income of the wife may, if necessary, be collected from the wife, notwithstanding that no assessment has been made upon her, and the provisions of this Ordinance as to collection and recovery of tax shall apply accordingly.

12. (1) Save as provided in this section, the assessable income chargeable to Salaries and Annuities Tax for any year of assessment shall be the income of the recipient as defined in Section 10 arising in the year preceding the year of assessment: Provided that for the year of assessment 1947/48 a person assessable to Salaries and Annuities Tax, by giving