Victorian Consolidated Legislation

Land Tax Act 2005 - SECT 37

Certain taxable land assessed separately

37. Certain taxable land assessed separately



(1) This section applies for the purposes of assessing land tax payable on the
following land-

   (a)  taxable land owned by a charitable institution or held by a trustee on
        trust for charitable purposes;

   (b)  land referred to in section 81(1) that is taxable land because of
        section 81(2).

(2) Land tax is to be assessed for a year on each parcel of land referred to
in subsection (1) of which the taxpayer was the owner at midnight on 31
December immediately preceding that year as if that parcel were the only land
owned by the taxpayer.

(3) For that purpose, the applicable rate of land tax in Schedule 1 is to be
applied separately to the taxable value of each parcel.

(4) Part of a parcel of land (other than part of a building) is to be regarded
as a separate parcel of land for the purposes of this section if the part-

   (a)  is occupied separately from other land in the parcel; or

   (b)  is obviously adapted to being so occupied.