Discount for particular relevant grazing homestead freeholding leases—Act, s 466
94 Discount for particular relevant grazing homestead freeholding leases—Act, s 466
For section 466(1)(c) of the Act, this section prescribes the discount for a relevant grazing homestead freeholding lease if the remaining purchase price for the lease is paid in cash during the lease.
However, this section does not apply in relation to a relevant grazing homestead freeholding lease if—
the lease was issued on or after 1 July 2014; or
in the Minister’s opinion, the lease land would have a higher value than grazing or agriculture if it were not used for grazing or agriculture.
The discount is the percentage of the purchase price stated in schedule 8, column 2 opposite the balance of the term of the relevant grazing homestead freeholding lease provided for in column 1 of the schedule.
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