Victorian Consolidated Legislation

Land Tax Act 2005 - SECT 46

Land tax on parts of land

46. Land tax on parts of land

If it is necessary to assess land tax on a part of land, the land tax
applicable to that part is the proportion of the land tax, assessed on the
taxable value of the whole land, that the taxable value of the part bears to
the total taxable value of the whole land.

Division 2A-Land held on trust