19ELimited exempt land: former short-stay accommodation properties

19E Limited exempt land: former short-stay accommodation properties

[Section 19E Inserted by No. 5 of 2018, s. 13, Applied:01 Jul 2018]

(1)  Land tax is not payable in respect of land on which a dwelling is located, during the exemption period for the land, if –

(a) the land is general land; and

(b) each dwelling on the land was the subject of a relevant residential tenancy agreement; and

(c) the relevant residential tenancy agreement for each dwelling on the land –

(i) commenced within the eligible period; and

(ii) was in force at the commencement of the exemption period for the land; and

(d) the Commissioner is satisfied that each dwelling on the land was lawfully used, or was advertised as available for lawful use, as short-stay accommodation during the majority of the 3-month period immediately before the commencement of the relevant residential tenancy agreement for each dwelling; and

(e) the owner of the land has applied to the Commissioner, in a form approved by the Commissioner, for land tax to not be payable in respect of the land during the exemption period for the land; and

(f) the Commissioner has approved the application referred to in paragraph (e) in respect of the land.

(2)  The Commissioner must not approve an application in accordance with subsection (1)(f) in respect of land if a previous application in respect of the land has been approved under this section.

(3)  In this section –

[Section 19E Subsection (3) amended by S.R. 2019, No. 3, Applied:30 Jan 2019] [Section 19E Subsection (3) amended by S.R. 2019, No. 28, Applied:05 Jun 2019] [Section 19E Subsection (3) amended by S.R. 2023, No. 25, Applied:31 May 2023] means the period commencing on 15 March 2018 and ending on 30 June 2026;