LAND TAX ACT 2005 - SECT 53A What is a right to reside?
LAND TAX ACT 2005 - SECT 53A
What is a right to reside?(1) For the purposes of this Division, a person has a right to reside on land if—
(a) the right was granted on the death of the person previously occupying the land; and
(b) the right was granted in writing under a will or testamentary instrument; and
(c) the right was not granted or acquired for monetary consideration.
(2) For the purposes of this Division, a right to reside on land does not include—
(a) a right to occupy land as a lessee; or
(b) a right to occupy land as a beneficiary of a discretionary trust or as a unitholder in a unit trust scheme.
S. 53B inserted by No. 18/2023 s. 43.