62Partial exemption if land used for business activities

62 Partial exemption if land used for business activities S. 62(1) amended by Nos 76/2012 s. 13(1), 18/2023 s. 51. (1) Despite anything to the contrary in this Division, if land that would be exempt land under another provision of this Division, but for this section, is used by any person to carry on a substantial business activity, the exemption applies only to the extent that the land is used and occupied for residential purposes by the qualifying person. (2) In determining whether land is used by a person to carry on a substantial business activity, account must be taken of— (a) whether paid employees or contractors (other than employees or contractors who are relatives of, and who ordinarily reside with, the person who uses and occupies the land as his or her principal place of residence) work on the land; and (b) whether any part of the land is used or allocated solely for business purposes; and (c) if part of the land is used or allocated (whether solely or partly) for business purposes, the proportion of the area of the land, or of the floor space of buildings on the land, that is so used or allocated; and (d) the amount of income (if any), and the proportion of the person's total income, that is derived from business activities carried on on the land; and S. 62(2)(e) substituted by No. 76/2012 s. 13(2). (e) any other matters the Commissioner considers relevant. S. 62(3) substituted by No. 47/2020 s. 54. (3) If subsection (1) applies— (a) land tax is assessable for the tax year on the part of the land that is not exempt land; and S. 62(4) repealed by No. 47/2020 s. 54. S. 62A inserted by No. 76/2012 s. 14, substituted by No. 47/2020 s. 55.