Victorian Consolidated Legislation

Land Tax Act 2005 - SECT 17

Mortgagees in possession

17. Mortgagees in possession



(1) A mortgagee in possession of land is deemed to be the owner of the land
for the purposes of this Act, but not to the exclusion of the mortgagor or
other owner of the land.

Note Section 43 sets out how land tax is to be assessed in the case of
mortgagees in possession.

(2) There is to be deducted from any land tax payable on land by the mortgagee
in possession any land tax paid on the land by the mortgagor or other owner.