Land Tax Act 2000

In the case of an owner of more than one parcel of land of the same class, land tax is to be levied on the aggregate assessed land value of those parcels of land as if they were a single parcel of land.

For subsection (1), there are 3 classes of land: principal residence land, primary production land and general land.

If a company or related companies own more than one parcel of land, land tax is to be levied on the aggregate assessed land value of those parcels of land as if they were a single parcel owned by a single company.

For the purpose of subsection (1), if a company co-owns land with a natural person, a trustee or another company, the company is the owner of the land if it owns more than 50% of the land.

If land is held by a trustee on behalf of more than one trust, land held on behalf of one trust is not to be aggregated with land held on behalf of another trust if the trustee is – a registered trustee company; or an executor, an administrator, a guardian, a committee, a receiver or a liquidator; or appointed by a court.