63FDeferral of tax for residential land to be used during tax year

63F Deferral of tax for residential land to be used during tax year (1) The Commissioner may determine that land tax in respect of land for a year is not payable until the expiry of a 6 month period that begins and ends in that year if— (a) a person becomes the owner of the land on or after 1 July in the preceding year; and (b) as at 31 December in the preceding year, the person does not use or occupy the land as the person's principal place of residence; and (c) the Commissioner is satisfied that the person intends to continuously use and occupy the land as the person's principal place of residence for the 6 month period; and (d) the land is temporary residence land. (2) The Commissioner may determine that land tax in respect of land for a year is not payable until the expiry of a 6 month period that begins and ends in that year if— (a) a trustee becomes the owner of the land on or after 1 July in the preceding year; and (b) as at 31 December in the preceding year, there is no vested beneficiary in relation to that land using and occupying it as the vested beneficiary's principal place of residence; and (c) the Commissioner is satisfied that a vested beneficiary in relation to that land intends to continuously use and occupy it as the vested beneficiary's principal place of residence for the 6 month period; and (d) the land is temporary residence land. (3) If land referred to in subsection (1) or (2) that would have been exempt land under section 63D in respect of a year but for section 63D(3) has been continuously used and occupied as the person's principal place of residence for the period of 6 months, the land becomes exempt land in respect of that year at the end of that period. S. 63G inserted by No. 48/2025 s. 32.