LAND TAX ACT 1936

Table of Provisions

• Long Title

PART 1--Preliminary

• 1 Short title
• 2 Interpretation
• 3 Taxation Administration Act

PART 2--Imposition of land tax

Division 1--Imposition of land tax

• 4 Imposition of land tax

Division 2--Exemptions and waiver

• 5 Exemption or partial exemption of certain land from land tax
• 5AA Minor interest may be disregarded for purposes of residential land exemption
• 5A Waiver or refund of land tax for residential land in certain cases
• 6 Minimum tax

Division 3--Taxable value of land

• 7 Taxable value of land
• 7A Reduction in taxable value for certain build-to-rent properties

PART 3--Assessment of land tax

Division 1--General

• 8A Calculation of land tax
• 8B Aggregation of land
• 9 Land tax where more than 1 owner of land

Division 2--Land divided by community or strata plan

• 10 Assessment of tax against land divided by community or strata plan

Division 3--Land held on trust

• 11 Separate assessment of trust land
• 12 Land tax for fixed trust if beneficial interests notified to Commissioner
• 13 Land tax for unit trust scheme if unitholdings notified to Commissioner
• 13A Land tax for discretionary trust if beneficiary notified to Commissioner
• 13B Land tax for beneficiary/trustees
• 13C Land tax for excluded trusts and public unit trust schemes

Division 4--Miscellaneous trust land provisions

• 13D Requirements for trustees to notify Commissioner

Division 5--Land held on implied, constructive or resulting trust

• 13E Land held on implied, constructive or resulting trust
• 13F Trustee's right to reimbursement under implied, constructive or resulting trust

Division 6--Grouping of related corporations

• 13G What are related corporations?
• 13H What is a controlling interest in a corporation?
• 13I Further provisions for determining whether corporations are related corporations
• 13J Grouping of related corporations

PART 4--Persons liable to land tax

• 14 Person liable to tax
• 15 Change of ownership
• 16 Liability for tax to be joint and several
• 17 Distribution of burden

PART 5--Enforcement

• 18 Contracts etc to evade land tax
• 19 Time for payment of tax
• 20 Power to let or sell land liable to tax
• 21 Transfer of land in satisfaction of tax liability
• 22 Tax first charge on land
• 23 Certificates in respect of liability to tax
• 24 Alterations to valuations

PART 6--Miscellaneous

• 25 Service
• 26 Regulations
• SCHEDULE 1--Calculation of land tax
Legislative history