88DLand becomes residential land during year preceding tax year

88D Land becomes residential land during year preceding tax year

(a) at the commencement of the year preceding the tax year the land was not residential land within the meaning of section 34B(1); and

(b) during the year preceding the tax year the land becomes residential land within the meaning of that subsection.

S. 88DA inserted by No. 48/2025 s. 35.

88DA Land becomes vacant residential land during year preceding tax year

(a) at the commencement of the year preceding the tax year the land was residential land within the meaning of section 34B(1); and

(b) for a period during the year preceding the tax year the land was not residential land within the meaning of section 34B(1); and

(c) at the end of the year preceding the tax year the land was residential land within the meaning of section 34B(1).

S. 88E (Heading) amended by No. 52/2021 s. 64(3).

S. 88E inserted by No. 22/2021 s. 29.

88E Land becomes residential land during second year preceding tax year and has not been used or occupied or changed ownership

(a) at the commencement of the second year preceding the tax year the land was not residential land within the meaning of section 34B(1); and

(b) during the second year preceding the tax year the land becomes residential land within the meaning of section 34B(1); and

(c) for the period from which the land becomes residential land within the meaning of section 34B(1) up to the tax year—

(ii) the land has not changed in ownership.

S. 88EA inserted by No. 38/2023 s. 28A (as amended by No. 50/2024 s. 49).

88EA Land becomes residential land during third year preceding tax year and has not been used or occupied or changed ownership

(1) Land is exempt from vacant residential land tax for a tax year if—

(a) at the commencement of the third year preceding the tax year the land was not residential land within the meaning of section 34B(1); and

(b) during the third year preceding the tax year the land becomes residential land within the meaning of section 34B(1); and

(c) during the second year preceding the tax year the land is exempt from vacant residential land tax under section 88D; and

(d) during the year immediately preceding the tax year the land is exempt from vacant residential land tax under section 88E; and

(e) for the period from which the land becomes residential land within the meaning of section 34B(1) up to the tax year—

(ii) the land has not changed ownership; and