Section 37
Section 13 of the principal Act is amended in subsection (1)—
ActIn forceProvision 120 of 223
Section 37
(a)
in paragraph (b), by deleting the word “and” at the end of the paragraph;
(b)
in paragraph (c), by substituting for the words “submit a written valuation of the asset by a valuer.” the words
“containing the market value of the asset based on a valuation made by a valuer;”; and
(c)
by inserting after paragraph (c) the following paragraphs:
“(d) specifying the chargeable gain and the amount of tax payable (if any) on that chargeable gain for that disposal; and
(e)
containing such particulars as may be required by the Director General.”.
Act 851