Application of section 67 (1) of the Act

1   (1) In this section, "Act" means the Speculation and Vacancy Tax Act.

(2) For the purpose of applying section 67 (1) of the Act for the 2018 or a subsequent calendar year,

(a) paragraph (b) of that section is to be read as if the reference to "on" were a reference to "within 6 years after", and

(b) subparagraphs (b) (i) and (ii) of that section are to be read as if the reference to "the date that is 6 years after" were excluded.