157D
In forceMeaning of “residential land holding”
Chapter 4Acquisition of interests in landholders
Part 2BCharging of surcharge duty on acquisitions made by foreign persons
157D Meaning of “residential land holding”
(1)
In this Part—
residential land holding means any land holding that is an interest in residential land (within the meaning of Chapter 2A).
(2)
For the purposes of charging duty under this Part in respect of a relevant acquisition in a landholder, a person is taken to be a foreign person if the person is a foreign person when the relevant acquisition is made.
This Act’s bill:Explanatory memorandumSecond reading speech
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