Notice of change of partial exemption
77A Notice of change of partial exemption
This section applies if—
a part of land is exempt land for a financial year under section 42, 53 or 55 (the relevant provision); and
when a liability for land tax arises for the next financial year, there is a change to the part of the land that is exempt under the relevant provision; and
the owner of the land is not required to give notice of the change under section 77; and
the ownership of the land has not changed.
The owner of the land must give the commissioner notice of the circumstance mentioned in subsection (1)(b).
Note—
Under the Administration Act, the requirement under this subsection is a lodgement requirement for which a failure to comply is an offence under section 121 of that Act.
The notice must be given within 1 month after the start of the next financial year.
This Act’s bill:Explanatory memorandumSecond reading speech
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