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Land Tax Act 2005
43Mortgagees in possession of land
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43 Mortgagees in possession of land
(1) If there is a mortgagee in possession of land, land tax on the land is to be assessed at the rate that would have applied if the mortgagee had not been in possession of the land.
(2) Subsection (1) applies until the earlier of—
(a) the mortgagee ceasing to be in possession of the land; or
(b) 31 December in the 3rd year after the mortgagee took possession of the land.
S. 44 repealed by No. 85/2005 s. 26.