s 39
In forceWho may apply
Chapter 2Valuations
Part 2Valuation methodologies
Division 5Allowances and concessions
Subdivision 1Deduction for site improvement costs
39 Who may apply
(1)
An owner of land may apply to the valuer-general for a site improvement deduction (a deduction application).
(2)
Also, if an individual who is the owner of land dies, the individual’s personal representative may make a deduction application for the land.
(3)
A deduction application may be made whether or not—
(a)
the land is developed land; or
(b)
the land previously had buildings on it that have been demolished.
(4)
This section applies subject to section 40.
Note—
See also section 280 (Deduction application can not be made if offset applied).
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