DUTIES ACT 1997 - SECT 104ZI
Possessory applications
DUTIES ACT 1997 - SECT 104ZI
Possessory applications
104ZI Possessory applications
(1) A possessory application under the Real Property Act 1900 in respect of
residential land that is chargeable with ad valorem duty under Chapter 2
because of section 52 is chargeable with surcharge purchaser duty, as a
transfer of the land, if any of the applicants are foreign persons.
(2) For
that purpose-- (a) the dutiable value of the land is the land value of the
land within the meaning of the Valuation of Land Act 1916 , and
(b)
applicants who are foreign persons are liable to pay the
surcharge purchaser duty.
