2. Interpretation
In this Act unless the context otherwise requires—
“City” has the same meaning assigned to it under the Castries Corporation Act, 1967 or any Act replacing it;
“combination property” means property used as both residential and commercial property;
“commercial property” means any property used predominantly for commercial purposes by the owner, but does not include rental property used primarily for residential purposes;
“Comptroller” means the Comptroller of Inland Revenue;
“house” includes all buildings whether used as residential, commercial or combination property;
“land” means any plantation, estate or other land whatsoever whether cultivated or uncultivated;
“market value” means the amount that a property might be expected to realize if it is sold on the open market by a willing seller to a willing buyer dealing with each other at arm's-length;
“Minister” means the Minister responsible for finance;
“owner” means the owner, lessee, occupier, attorney, manager or any other person in charge or having control of any land or house on 1 January in each year;
“recognised valuer” means a person who is a member of the Saint Lucia Society of Quantity and Valuation Surveyors or is a member of any other internationally recognised organisation pertaining to quantity and valuation surveying as approved by the Comptroller;
“residential property” means any property used predominantly for dwelling purposes;
“taxes” means any tax, rate or impost levied under the authority of this Act.
(Amended by Acts 24 of 1999, 30 of 2001, 25 of 2002 and 4 of 2011)