S.L. 364.11 Art. 8Assessments that have not become final and conclusive.

Where the original value is the subject of an assessment made under the Act which, at the time that the notice referred to in rule 4 has been given to the Commissioner, has not become final and conclusive, the original value for the purpose of these rules shall be the value declared in the original declaration, as defined in rule 2: Provided that -

(a) the deed of adjustment, the notice thereof and the payment of the tax in accordance with these rules shall be without prejudice to that assessment and to the procedures relating to any objection and appeal against that assessment;

(b) when that assessment becomes final and conclusive, the duty paid in accordance with these rules in respect of any immovable property shall be available as a credit against the duty, excluding additional duty, on the assessed value as resulting from that assessment in respect of the said property, which credit shall not exceed the said duty on the assessed value.