s 45
In forceApplication of sdiv 2
Chapter 2Valuations
Part 2Valuation methodologies
Division 5Allowances and concessions
Subdivision 2Exclusive use as a single dwelling house or for farming
45 Application of sdiv 2
(1)
This subdivision applies for deciding the value of land used only as a single dwelling house or for farming.
(2)
For this section, land is not used only for a single dwelling house or for farming if—
(a)
the land is divided into individual lots; and
(b)
there is evidence, including advertising or actual sales, of an intention to sell the individual lots.
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