Victorian Consolidated Legislation

Land Tax Act 2005 - SECT 55

Deferral of tax on certain residential land for 6 months

55. Deferral of tax on certain residential land for 6 months



(1) If-

   (a)  land would be exempt land in respect of a year under section 54 but
        for section 54(2); and



   (b)  the owner satisfies the Commissioner that the land is intended to be
        continuously used and occupied as the principal place of residence of
        the owner or, in the case of a trustee, as the principal place of
        residence of a beneficiary, for a period of at least 6 months from the
        date that the land was first so used and occupied-

the Commissioner may determine that land tax in respect of the land for that
year is not payable until the expiry of that 6 month period.

(2) If land that would be exempt land in respect of a year but for section
54(2) has been continuously used and occupied as the person's principal place
of residence for the period of 6 months, the land becomes exempt land in
respect of that year at the end of that period.