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Land Tax Act 2005
37ACertain taxable land assessed separately—vacant residential land tax
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37A Certain taxable land assessed separately—vacant residential land tax
Subject to this Act, a taxpayer is to be assessed for vacant residential land tax for a tax year on the taxable value of VRT land of which the taxpayer was the owner on 31 December immediately preceding that tax year as if that land were the only land owned by the taxpayer.