LAND TAX ACT 2005 - SECT 17 Mortgagees in possession

LAND TAX ACT 2005 - SECT 17

    (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.

S. 18 substituted by No. 85/2005 s. 23, amended by No. 26/2015 s. 27.