LAND TAX MANAGEMENT ACT 1956 - As at 1 February 2024 - Act 26 of 1956

Table of Provisions

• Long Title

PART 1 - PRELIMINARY

• 1 Name of Act
• 2 Construction
• 3 Definitions
• 3A Special trust--meaning
• 3B Concessional trust--meaning

PART 2 - ADMINISTRATION

• 4 Taxation Administration Act 1996
4A-6. (Repealed)

PART 3 - LAND TAX

• 7 Land tax on taxable value of land
• 8 Date of ownership for purposes of land tax
• 9 Taxable value
• 9AA Average value of land
• 9A Concession for unutilised land value
• 9B Strata
• 9BA Colliery holdings
• 9C Reduction in land value for flats on mixed development land or mixed use land
• 9D Reduction in land value for single dwellings on mixed use land
• 9E Reduction in land value for certain build-to-rent properties
• 10 Land exempted from tax
• 10AA Exemption for land used for primary production
• 10A Land used for several purposes
• 10B Taxation of land owned by SAS Trustee Corporation
10C. (Repealed)
• 10CA Taxation of land owned by Place Management NSW
• 10D Taxation of land owned by certain statutory corporations
• 10E Taxation of land acquired for Urban Land Council
10F-10O. (Repealed)
• 10P Limitation on exemption for charitable, educational, religious or non-profit bodies
• 10Q Low cost accommodation--exemption/reduction
• 10R Retirement villages--exemption/reduction
• 10S Tax liability in respect of certain housing schemes
10T, 10U. (Repealed)
• 11 Limitation of exemption

PART 4 - RETURNS AND LIABILITY

• 12 Taxpayer to furnish returns
13. (Repealed)
• 14 Assessments to be made
• 15 Notice of assessment to contain certain matters
16-19. (Repealed)
• 20 Holder of limited estate taken to be owner
• 21 Conditional purchases etc
• 21A Company title units taken to be lots
• 21B Joint owners of block of flats deemed to be owners of lots
• 21C Liability of lessees of land owned by Crown or local government bodies
• 21CA Government lessor to notify lessee of land tax liability
• 21CB Recovery of land tax from non-complying lessor
• 21D Liability of lessees of leasehold strata lots
• 22 Mortgagees
• 23 Mortgages
• 24 Trustees
• 25 Equitable owner
• 25A Classification of trust as special trust
• 26 Purchaser and vendor
• 27 Joint owners
28. (Repealed)
• 29 Related companies
30-32. (Repealed)
• 33 Deductions to prevent double taxation
• 34 Meaning of land tax payable in respect of certain land

PART 5 - (Repealed)

PART 6 - COLLECTION AND RECOVERY OF LAND TAX

• 39 Date for payment of land tax
• 40 Discount for early payment
41-44. (Repealed)
• 45 Statutes of limitations
• 46 Remedy against other persons where taxpayer makes default
46A. (Repealed)
• 47 Land tax to be first charge on land
48, 49. (Repealed)
• 50 Functions of Hardship Review Board
50A. (Repealed)
• 51 Definition of land tax for certain purposes of this Part
52, 53. (Repealed)

PART 7 - VALUATION OF LAND

Divisions 1-2A - (Repealed)

Division 3 - Unutilised value allowances

• 62I Purpose and interpretation of Division
• 62J Land that is eligible to have unutilised value ascertained
• 62K Unutilised value allowance to be ascertained on application of owner
• 62L How unutilised value allowance is ascertained
• 62M Unutilised value allowance to be reascertained in certain cases
• 62N Unutilised value allowance can be objected to

Division 4 - Tax threshold and premium rate threshold

• 62O Definitions
• 62P Tax threshold for 2006-2023
• 62Q Tax threshold for 2024 onwards
• 62R Percentage change in land values
• 62S Premium rate threshold for 2009-2023
• 62T Premium rate threshold for 2024 onwards
• 62U Publication of amounts
Divisions 4A, 5 - (Repealed) None

PART 8 - MISCELLANEOUS

• 63 Powers of entry and investigation
63A. (Repealed)
• 63B Application of Act to persons or bodies having Crown immunity
• 64 Agents and trustees
65-67. (Repealed)
• 68 Valuer-General to furnish copies of Register of Land Values to Chief Commissioner
• 68A Keeping of records by owners of land
69-71. (Repealed)
• 72 Failure to furnish returns or information
• 73 Special provisions for land subject to property tax
74-77. (Repealed)
• 78 General penalty
79, 80. (Repealed)
• 81 Repeals and refunds
• 82 Regulations
• 83 Savings and transitional provisions

PART 9 - (Repealed)

• SCHEDULE 1AA
• SCHEDULE 1A
• SCHEDULE 1
• SCHEDULE 2