Land taken to be used as a home—demolition or renovations
38 Land taken to be used as a home—demolition or renovations
Land is taken to be used as a person’s home for a financial year if—
the commissioner is satisfied that the person is temporarily residing elsewhere, when a liability for land tax arises for the financial year, because—
a residence on the land has been or is being demolished and a new residence is being or will be constructed; or
a residence on the land is being renovated to an extent requiring it to be vacated; and
the land was used as the principal place of residence of the person at some time during the 6 month residency period; and
the person intends to resume using the land as the person’s principal place of residence before a liability for land tax arises for the next financial year.
This Act’s bill:Explanatory memorandumSecond reading speech
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