42Assessment of owner of land on which there are home units

42 Assessment of owner of land on which there are home units S. 42(1) amended by No. 28/2017 s. 59. (1) For the purposes of assessing the land tax (other than vacant residential land tax) payable on land on which home units are situated by the owner of the land, the amount of the taxable value of the home units is to be deducted from the taxable value of the land. (2) In subsection (1), the owner of land on which home units are situated means the person who is the owner of the land, whether or not that person is also the owner of one or more of the home units. (3) For the purposes of this section, section 12(2) does not apply in determining who the owner of land is.