Land Tax Act 2004

This section applies if a parcel of land, other than a parcel of land owned by a corporation or trustee, stops being rented so it can be occupied by the owner of the parcel as their principal place of residence.

The parcel of land is exempt from land tax for the 1st quarter after the date the parcel stopped being rented.

Under s 14 the commissioner must be told within 30 days if there is a change in circumstances that would cause land tax to become payable for the parcel.

Subsection (2) does not apply if, within 3 months after the date the parcel stopped being rented—

the owner does not occupy the parcel as their principal place of residence; or

the parcel is rented by a tenant.