CHAPTER 340 - PROPERTY TRANSFER TAX ACT: SUBSIDIARY LEGISLATION

 

INDEX TO SUBSIDIARY LEGISLATION

Property Transfer Tax (Exemption) Order, 1997

Property Transfer Tax (Exemption) Order, 1998

Property Transfer Tax (Exemption) Order, 2004.

Property Transfer Tax (Exemption)Order, 2009

Property Transfer Tax (Exemption) (No. 2) Order, 2009

Property Transfer Tax (Exemption) Order, 2011

Property Transfer Tax (Exemption) Order, 2012

Property Transfer Tax (Exemption) Order, 2012

Property Transfer Tax (Exemption) Order, 2015

Property Transfer Tax (Approval and Exemption) Order, 2015

Property Transfer Tax (Exemption) (No. 2) Order, 2015

 

PROPERTY TRANSFER TAX (EXEMPTION) ORDER, 1997

[Sections 6 and 13]

Arrangement of Paragraphs

   Paragraph

   1. Title

   2. Exemption from payment of property transfer tax

SI 50 of 1997.

 

1. Title

This Order may be cited as the Property Transfer Tax (Exemption) Order, 1997.

 

2. Exemption from payment of property transfer tax

The Zambia Venture Capital Fund Limited shall be exempt from paying any tax under the Act for any of shares by Zambia Venture Capital Fund Limited.

 

PROPERTY TRANSFER TAX (EXEMPTION) ORDER, 1998

[Section 6]

Arrangements of Paragraphs

   Paragraph

   1. Title

   2. Interpretation

   3. Exemption from Tax

SI 128 of 1998.

 

1. Title

This order may be cited as the Property Transfer Tax (Exemption) Order, 1998.

 

2. Interpretation

In this Order “former Zambia Consolidated Copper Mines Company” means any part or division of the Zambia Consolidated Copper Mines Company Limited sold under the Privatisation Act.

 

3. Exemption from Tax

There shall be exempt from tax under the Act any instrument entered into, granted or issued in connection with–

   (a)   the transfer or sale of share to any former Zambia Consolidated Copper Mines Company Limited; and

   (b)   the transfer or sale of property to any Zambia Consolidated Copper Mines Company Limited;

Provided that the exemption granted under this paragraph applies when the sale or transfer is conducted by Zambia Consolidated Copper Mines Company Limited.

 

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PROPERTY TRANSFER TAX (EXEMPTION) ORDER, 2004

[Sections 6]

Arrangement of Paragraphs

   Paragraph

   1. Title

   2. Interpretation

   3. Exemption from tax

SI 57 of 2004.

 

1. Title

This order may be cited as the Property Transfer Tax (Exemption) order, 2004.

 

2. Interpretation

In this Order “Luanshya Copper Mines Plc” means any part of the Baluba and Luanshya Mines sold by the receiver of Roan Antelope Mining Corporation of Zambia Plc (in Receivership).

 

3. Exemption from tax

There shall be exempt from tax any instrument entered into, granted or issued in connection with–

   (a)   the transfer or sale of shares to Luanshya Copper Mines Plc;

   (b)   the transfer or sale of property to Luanshya Copper Mines Plc:

Provided that the exemption granted under this paragraph applies when the transfer is conducted by the receiver of Roan Antelope Mining Corporation of Zambia Plc (in Receivership).

 

PROPERTY TRANSFER TAX (EXEMPTION)ORDER, 2009

[Sections 6]

Arrangement of Paragraphs

   Paragraph

   1. Title

   2. Exemption from tax

SI 68 of 2009.

 

1. Title

This Order may be cited as the Property Transfer Tax (Exemption) Order, 2009.

 

2. Exemption from tax

The transfer of assets from the former Kariba North Bank Company Limited to ZESCO Limited shall be exempt from property transfer tax.

 

PROPERTY TRANSFER TAX (EXEMPTION) (NO. 2) ORDER, 2009

[Sections 6]

Arrangement of Paragraphs

   Paragraph

   1. Title

   2. Exemption from tax

SI 69 of 2009.

 

1. Title

This Order may be cited as the Property Transfer Tax (Exemption) (No. 2) Order, 2009.¹⁵1

 

2. Exemption from tax

The transfer of ordinary shares in Luanshya Copper Mines Plc by Enya Holdings B.V. to China Non-Ferrous metals shall be exempt from property transfer tax.

 

PROPERTY TRANSFER TAX (EXEMPTION) ORDER, 2011

[Sections 6]

Arrangement of Paragraphs

   Paragraph

   1. Title

   2. Exemption from tax

SI 85 of 2011.

 

1. Title

This Order may be cited as the Property Transfer Tax (Exemption) Order, 2011.

 

2. Exemption from tax

The transfer of ordinary shares in Luanshya Copper Mines Plc, Chambeshi Copper Smelter Limited, NFC Africa Mining Plc and Sino Metal Leach Zambia Limited by China Non-ferrous Metal Mining Group Limited shall be exempt from tax.

 

PROPERTY TRANSFER TAX (EXEMPTION) ORDER, 2012

[Sections 6]

Arrangement of Paragraphs

   Paragraph

   1. Title

   2. Exemption from tax

SI 5 of 2012.

 

1. Title

This Order may be cited as the property Transfer Tax (Exemption) Order, 2012.

 

2. Exemption from tax

The transfer of ordinary shares in China Non-Ferrous Metal Mining (Group) Company Limited to the Government of the Republic of Zambia shall be exempt from property transfer tax.

 

PROPERTY TRANSFER TAX (EXEMPTION) ORDER, 2012

[Sections 6]

Arrangement of Paragraphs

   Paragraph

   1. Title

   2. Exemption from tax

      SCHEDULE

SI 16 of 2012.

 

1. Title

This Order may be cited as the Property Transfer Tax (Exemption) Order, 2012.

 

2. Exemption from tax

The transfer of ordinary shares relating to the transactions set out in the Schedule shall be exempt from property tax.

 

SCHEDULE

[Paragraph 2]

^{93941111 Name of Transferor Nature of Transfer Name of Transferee}

^{1.China Nonferrous}

    (a)    Ordinary Shares in CNMCChina Nonferrous Metal Mining Luanshya Copper Mines Mining Development (Group) Co. Ltd.PLCLimited

   (b)   Ordinary Shares in Chambeshi Copper Smelter Limited

   (c)   Ordinary Shares in NFC Africa Mining PLC

   (d)   Ordinary Shares in Sino-Metals Leach Zambia Limited

^{2. China Nonferrous Ordinary Shares China Nonferrous Mining Mining Development LimitedCorporation Limited}

^{3. China Nonferrous MiningOrdinary Shares China Nonferrous Mining Corporation Limited Holdings Limited}

 

PROPERTY TRANSFER TAX (EXEMPTION) ORDER, 2015

[Section 6]

Arrangement of Paragraphs

   Paragraph

   1. Title

   2. Exemption from tax

SI 30 of 2015.

 

1. Title

This Order may be cited as the Property Transfer Tax (Exemption) Order, 2015.

 

2. Exemption from tax

The transfer of property by Millennium Challange Account Zambia and any person or individual eligible for property transfer tax exemption as provided for in the Millennium Challange Compact Act, 2013 shall be exempt from property transfer tax.

 

PROPERTY TRANSFER TAX (APPROVAL AND EXEMPTION) ORDER, 2015

[Section 6]

Arrangement of Paragraphs

   Paragraph

   1. Title

   2. Approval of exemption from tax

      SCHEDULE

SI 31 of 2015.

 

1. Title

This Order may be cited as the Property Transfer Tax (Approval and Exemption) Order, 2015.

 

2. Approval of exemption from tax

The transfer of property from Zambia National Oil Company (In Liquidation) to the Government of the Republic of Zambia is approved for the purpose of exemption from tax in the amount specified in the Schedule.

 

SCHEDULE

[Paragraph 2]

TRANSFERRED PROPERTY

Property 

Amount 

1. Ndola Fuel Terminal 

K41,234.33 

2. Plot No. 2392 situated along Longolongo Road, Lusaka 

K2,500.00

 

PROPERTY TRANSFER TAX (EXEMPTION) (NO. 2) ORDER, 2015

[Section 6]

Arrangement of Paragraphs

   Paragraph

   1. Title

   2. Exemption from tax

SI 35 of 2015.

 

1. Title

This Order may be cited as the Property Transfer Tax (Exemption) (No. 2) Order, 2015.

 

2. Exemption from tax

The following shall be exempted from property transfer tax—

   (a)   the transfer of shares from Reserved Minerals Corporation (In Liquidation) to Kariba Minerals Limited; and

   (b)   the transfer of shares from Kariba Minerals Limited to ZCCM Investments Holdings Plc.

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