Land tax and metropolitan region improvement tax: survey-strata schemes
74 Land tax and metropolitan region improvement tax: survey-strata schemes
This section applies to the imposition, assessment or recovery of land tax or metropolitan region improvement tax under the Land Tax Assessment Act 2002 and the Planning and Development Act 2005 in respect of the land in a survey‑strata scheme.
For the purposes referred to in subsection (1) —
each lot must be treated as a separate parcel of land, with an unimproved value as determined under section 70, but subject to any concessions or exemptions that may be applicable; and
the strata company is not liable for land tax or metropolitan region improvement tax in respect of the lot.
[(c) deleted]
[Section 74, formerly section 65A, inserted: No. 58 of 1995 s. 62; amended: No. 45 of 2002 s. 23(4); No. 38 of 2005 s. 15; amended, renumbered as section 74 and relocated: No. 30 of 2018 s. 68 and 84.]
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