Dealing in secondhand goods
4. (1) No person shall deal in secondhand goods except under and
in accordance with the conditions of a licence issued under section
5.
(2) Any person who contravenes subsection (1) shall be guilty of an
offence.
Relief on supply of certain secondhand goods
23. (1) The Minister may by regulations make provision for
securing a reduction of the tax chargeable on the supply of goods
of such descriptions as may be specified in the regulations in
cases where no tax was chargeable on a previous supply of the goods
and such other conditions are satisfied as may be specified in the
regulations or as may be imposed by the Comptroller.
(2) Tax chargeable on the supply of goods referred to in subsection
(1) shall (unless otherwise provided in regulations made under this
section) be reduced to the tax charged as if the supply of such
goods was for a consideration equal to the
excess of A B,
where A is the consideration for which the goods are supplied;
and
B is the consideration for which the goods were acquired,
and accordingly where there is no excess, the tax shall not be
charged.
