Land Tax Act 2010

For assessing a taxpayer’s liability for land tax on a lot included in a community titles scheme or shown on a BUGTA plan—

the commissioner must apportion the taxable value of the relevant land between the lots included in the community titles scheme or shown on the BUGTA plan in proportion to the relevant lot entitlements; and

the taxable value of each lot is taken to be the amount apportioned to it under paragraph (a); and

each lot is taken to be a separate parcel.

If all or some of the lots included in the community titles scheme or shown on the BUGTA plan are included in a time-sharing scheme—

the lots included in the time-sharing scheme are taken to be 1 lot (the time-sharing lot); and

the relevant lot entitlement of the time-sharing lot is taken to be the total of the relevant lot entitlements for the lots included in the time-sharing scheme.

This section applies despite section 16 and the BCCM Act, section 194.

In this section—

the scheme land for the community titles scheme; or

the land comprised in the BUGTA plan.

for a lot included in a community titles scheme—the interest schedule lot entitlement of the lot; or

for a lot shown on a BUGTA plan—the lot entitlement of the lot.