11H
CurrentExemption if nil or nominal rent paid
Part 2Imposition and payment of land tax
11H Exemption if nil or nominal rent paid
(1)
This section applies if a parcel of land is, on the 1st day of a quarter—
(a)
owned by someone other than a corporation or trustee; and
(b)
occupied by a person who—
(i)
is liable only to pay an amount that is not more than the total amount required for rates, repairs, maintenance and insurance in relation to the parcel; or
(ii)
pays no rent for the parcel.
(2)
The parcel of land is exempt from land tax.
Note
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.
This Act’s bill:Explanatory statementSecond reading speech
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