104ZI
In forcePossessory applications
Chapter 2ADuty charged on certain residential land transactions involving foreign persons
Part 3Refunds and special provisions
104ZI Possessory applications
(1)
A possessory application under the Real Property Act 1900 in respect of residential land that is chargeable with ad valorem duty under Chapter 2 because of section 52 is chargeable with surcharge purchaser duty, as a transfer of the land, if any of the applicants are foreign persons.
(2)
For that purpose—
(a)
the dutiable value of the land is the land value of the land within the meaning of the Valuation of Land Act 1916, and
(b)
applicants who are foreign persons are liable to pay the surcharge purchaser duty.
This Act’s bill:Explanatory memorandumSecond reading speech
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