Apportionment of duty imposed on change of land use if land has been subdivided
89FC Apportionment of duty imposed on change of land use if land has been subdivided
This section applies for the purposes of a calculation of duty imposed on a relevant acquisition under section 89FB if a plan of subdivision of land is registered in respect of the land referred to in that section (the parent lot) before the date of the change of use of the land.
The duty chargeable on the relevant acquisition under section 89FB, to the extent that it relates to the subdivided land, is to be apportioned to each lot that has had a change of use by reference to the area that lot bears to the parent lot.
In this section—
lot has the meaning given by section 3(1) of the Subdivision Act 1988.
S. 89FD inserted by No. 16/2024 s. 41.
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