37Certain taxable land assessed separately

37 Certain taxable land assessed separately S. 37(1) amended by No. 28/2017 s. 55. (1) This section applies for the purposes of assessing land tax (other than vacant residential land tax) payable on the following land— (a) taxable land owned by a charitable institution or held by a trustee on trust for charitable purposes; (b) land referred to in section 81(1) that is taxable land because of section 81(2). (2) Land tax is to be assessed for a year on each parcel of land referred to in subsection (1) of which the taxpayer was the owner at midnight on 31 December immediately preceding that year as if that parcel were the only land owned by the taxpayer. S. 37(3) amended by No. 38/2023 s. 37(1). (3) For that purpose, the applicable rate of land tax in Part 1, 3, 4 or 5 of Schedule 1 is to be applied separately to the taxable value of each parcel. S. 37(3A) inserted by No. 38/2023 s. 37(2). (3A) There is to be added to the land tax assessed on the total taxable value of all land referred to in subsection (1) the amount (if any) determined by applying the applicable rate in Part 6 of Schedule 1 to the total taxable value of the land. (4) Part of a parcel of land (other than part of a building) is to be regarded as a separate parcel of land for the purposes of this section if the part— (a) is occupied separately from other land in the parcel; or (b) is obviously adapted to being so occupied. S. 37A inserted by No. 28/2017 s. 56.