Victorian Consolidated Legislation

Land Tax Act 2005 - SECT 27

What is the taxable value of a transmission easement?

27. What is the taxable value of a transmission easement?



(1) The taxable value of a transmission easement is-

   (a)  in respect of the 2006 tax year-the value as at 1 January 2004
        determined in a valuation made under section 5B of the
        Valuation of Land Act 1960;

   (b)  in respect of every tax year after 2006, the value as at the relevant
        easement valuation date determined in a valuation made under
        section 5B of the Valuation of Land Act 1960.



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(2) In this section-

relevant easement valuation date, for a transmission easement in respect of a
tax year, means the date as at which a valuation of the transmission easement
was last made in accordance with section 5B of the Valuation of Land Act 1960,
being a date before 1 January in the tax year.