116
CurrentSale or conveyance of urban farm land
Part 9Rates and Charges
Division 8Farm rating relief
116 Sale or conveyance of urban farm land
If any part of the land declared to be urban farm land is sold or conveyed, except by way of gift or bequest to a member of the owner's family, the owner is to pay the difference or a proportion of the difference between the rates and charges that would have been payable over the previous 5 years in respect of that part if the land had not been declared urban farm land.
The Valuer-General is to revalue any urban farm land remaining after part of the land is sold or conveyed.
This Act’s bill:Explanatory notesSecond reading speech
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