14
In forceValuation of separate occupancies
Part 3Assessment of windfall gains tax
Division 2Determining taxable value uplift
14 Valuation of separate occupancies
(1)
For the purposes of assessing windfall gains tax, the Commissioner may—
(a)
use a valuation made under the Valuation of Land Act 1960 that has determined the value of each separate occupancy on land; and
(b)
include in a notice of assessment a description of the occupancy on land.
(2)
A valuation of occupancy on land made under the Valuation of Land Act 1960 is taken to be a valuation of land for the purposes of this Act.
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