(1) Where a cricket world cup accommodation product is sold or transferred during the tax holiday period but continues to be used for the purpose of accommodating visitors to Saint Lucia, the tax reliefs and exemptions provided under this Act shall continue to apply to the new owner or lessee, as the case may be, for the remainder of the period.
(2) Despite the provisions of subsection (1), where a cricket world cup accommodation product for which an exemption from alien's landholding licensing fees is granted under this Act is sold or transferred to an alien, the exemption from alien's landholding licensing fees shall not apply to the purchaser or transferee.
(Amended by Act 27 of 2006)