LAND TAX ASSESSMENT ACT 2002 - SECT 11
LAND TAX ASSESSMENT ACT 2002 - SECT 11
11 . Two or more lots owned by one person, tax payable on
(1) If a person owns 2
or more lots or parcels of taxable land, land tax is payable on the aggregated
taxable value of all the taxable land owned by the person.
(2) However, if a
trustee owns 2 or more lots or parcels of taxable land held, in severalty, in
trust for different persons, then the land tax payable for each lot or parcel
is assessed separately unless another provision of this Act specifically
requires the land tax to be assessed on the lots or parcels jointly.
(3) If a trustee owns
taxable land held in trust for another person and is also the beneficial owner
of other land, the land tax payable on the land held in trust is assessed
separately from the land tax payable on the land held beneficially, unless for
any reason the land tax payable on the trust land and the beneficially held
land is liable to be jointly assessed independently of this subsection.
[Section 11 amended: No. 19 of 2009 s. 13.]