Victorian Consolidated Legislation

Land Tax Act 2005 - SECT 73

Concessional tax rate for club land

73. Concessional tax rate for club land



(1) Land or part of land that is owned and solely occupied by a club is not
liable for land tax at a rate greater than 0×357% of the taxable value of the
land or part.

(2) For the purposes of subsection (1) and assessing land tax on any part of
the land that is not solely occupied by a club, the land tax that is or that
would be, but for the operation of subsection (1), attributable to a part of
land is the proportion of the land tax that would, but for the operation of
subsection (1), be payable on the whole of the land owned by a club.

(3) In this section, club means a society, club or association that-

   (a)  is not carried on for the purposes of the profit or gain to its
        individual members; and

   (b)  is carried on exclusively for one or more of the following purposes-

   (i)  providing for the social, cultural, recreational, literary or
        educational interests of its members;

   (ii) promoting or controlling horse racing, pony racing or harness racing
        in Victoria.









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