Land Tax Act 2010
sec.11Sellers and buyers of land
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sec.11 Sellers and buyers of land
For this Act, if an agreement has been made for the sale of land— the seller is taken to be the owner of the land until the buyer is in possession of it; and the buyer is taken to be the owner of the land as soon as the buyer is in possession of it. This section applies whether or not the agreement has been completed. (sec.11-ssec.1) For this Act, if an agreement has been made for the sale of land— the seller is taken to be the owner of the land until the buyer is in possession of it; and the buyer is taken to be the owner of the land as soon as the buyer is in possession of it. (sec.11-ssec.2) This section applies whether or not the agreement has been completed.
- (a) the seller is taken to be the owner of the land until the buyer is in possession of it; and
- (b) the buyer is taken to be the owner of the land as soon as the buyer is in possession of it.