LAND TAX MANAGEMENT ACT 1956 - SECT 22 Mortgagees
LAND TAX MANAGEMENT ACT 1956 - SECT 22
Mortgagees22 Mortgagees
No deduction from the land value of any land shall be allowed in respect of any mortgage, or in respect of any unpaid purchase money; and a mortgagor or person who holds land subject to payment of any unpaid purchase money shall be assessed and liable for land tax as if he or she were the owner of an unencumbered estate.