Cap. 364 Art. 9Declaration of value.

(1) Where in a document charged with duty the ad valorem real value is not ascertainable from the document itself or from any other document annexed to it, or referred to in it, the parties shall make a declaration of such value according to their estimation and the duty shall be charged and paid on the real value so declared.

(2) In a document of transfer of rural property, or land, or the roof or airspace overlying urban property, the parties shall make a declaration stating whether any construction exists on the property on the date of the transfer and, where such construction exists, a description thereof, and for this purpose ''construction'' includes any improvements and any works in progress.

(3) A person who fails to make the declaration required under sub-article (2) or who makes a declaration for the purpose of that sub-article which he knows to be false or incomplete or misleading shall be guilty of an offence and shall, on conviction, be liable to a fine (multa) of not less than five hundred euro (€500) and not more than three thousand euro (€3,000), or to imprisonment for a period not exceeding six (6) months or to both such fine and imprisonment in addition to any additional duty and liability to which he may be liable in terms of any other provision of this Act.

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