sec.86DWhat is a vacant land concession beneficiary

### sec.86D What is a vacant land concession beneficiary A person is a vacant land concession beneficiary in relation to particular land if— the person was— a transferee under a dutiable transaction that was the transfer, or agreement for the transfer, of the land; or a lessee under a dutiable transaction that was the acquisition, mentioned in section 85 (b) , of a lease of the land; or a vested person for the land under a dutiable transaction that was the vesting, mentioned in section 85 (c) , of the land; and under a concession provision, a concession applied to the transaction; and at the time of the transaction, the land was vacant land. For subsection (1) (b) , a transaction that was assessed on the basis of a concession under a concession provision is taken to be a transaction to which a concession under a concession provision applied even if the transaction was reassessed under section 153 or 154 . In this section— concession provision means— section 92 or 93A as in force before the commencement of this definition; or section 92B or 93B . s 86D ins 2006 No. 44 s 22 amd 2010 No. 11 s 16 ; 2011 No. 8 s 19 ; 2025 No. 1 s 9 (sec.86D-ssec.1) A person is a vacant land concession beneficiary in relation to particular land if— the person was— a transferee under a dutiable transaction that was the transfer, or agreement for the transfer, of the land; or a lessee under a dutiable transaction that was the acquisition, mentioned in section 85 (b) , of a lease of the land; or a vested person for the land under a dutiable transaction that was the vesting, mentioned in section 85 (c) , of the land; and under a concession provision, a concession applied to the transaction; and at the time of the transaction, the land was vacant land. (sec.86D-ssec.2) For subsection (1) (b) , a transaction that was assessed on the basis of a concession under a concession provision is taken to be a transaction to which a concession under a concession provision applied even if the transaction was reassessed under section 153 or 154 . (sec.86D-ssec.3) In this section— concession provision means— section 92 or 93A as in force before the commencement of this definition; or section 92B or 93B . - (a) the person was— (i) a transferee under a dutiable transaction that was the transfer, or agreement for the transfer, of the land; or (ii) a lessee under a dutiable transaction that was the acquisition, mentioned in section 85 (b) , of a lease of the land; or (iii) a vested person for the land under a dutiable transaction that was the vesting, mentioned in section 85 (c) , of the land; and - (i) a transferee under a dutiable transaction that was the transfer, or agreement for the transfer, of the land; or - (ii) a lessee under a dutiable transaction that was the acquisition, mentioned in section 85 (b) , of a lease of the land; or - (iii) a vested person for the land under a dutiable transaction that was the vesting, mentioned in section 85 (c) , of the land; and - (b) under a concession provision, a concession applied to the transaction; and - (c) at the time of the transaction, the land was vacant land. - (i) a transferee under a dutiable transaction that was the transfer, or agreement for the transfer, of the land; or - (ii) a lessee under a dutiable transaction that was the acquisition, mentioned in section 85 (b) , of a lease of the land; or - (iii) a vested person for the land under a dutiable transaction that was the vesting, mentioned in section 85 (c) , of the land; and - (a) section 92 or 93A as in force before the commencement of this definition; or - (b) section 92B or 93B .