70KBTR benefit—exemption from absentee owner land tax surcharge for eligible land

70K BTR benefit—exemption from absentee owner land tax surcharge for eligible land (1) Subject to this Act, an absentee owner of land or part of land that is eligible for the BTR benefits is to be assessed for land tax (other than vacant residential land tax) on the total taxable value of all taxable land owned by the absentee owner, at the applicable rate of land tax in Schedule 1, as if the owner of the land were not an absentee owner. S. 70K(2) amended by No. 18/2023 s. 33. (2) There is to be added to the land tax assessed for an absentee owner under subsection (1) an amount determined by the formula— A is the taxable value of all taxable land owned by the absentee owner that is not eligible for the BTR benefits. S. 70L inserted by No. 52/2021 s. 59.