Victorian Consolidated Legislation

Land Tax Act 2005 - SECT 12

Home units

12. Home units



(1) This section applies if there are 2 or more home units on land.

(2) For the purposes of this Act, an owner of a home unit is deemed to be the
owner of land having a taxable value that is the taxable value of the home
unit.

(3) In this section-

land means the land on which the building or buildings of which a home unit is
part is or are situated; owner of a home unit, means the person who is
entitled to the exclusive right to occupy the home unit because he or she-

   (a)  is the owner of an undivided share in the land on which the home unit
        is situated; or

   (b)  is a shareholder in the body corporate which owns the land on which
        the home unit is situated.