Land Tax Act 2010
sec.19General principle—taxable land is aggregated
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sec.19 General principle—taxable land is aggregated
A taxpayer’s liability for land tax must be assessed on the total taxable value of all taxable land owned by the taxpayer when the liability arises. An individual owns 2 properties that are both taxable land. The properties each have a taxable value of $500,000. The taxpayer’s liability for land tax is worked out using the total taxable value of $1,000,000. This section is subject to sections 20 and 21 . (sec.19-ssec.1) A taxpayer’s liability for land tax must be assessed on the total taxable value of all taxable land owned by the taxpayer when the liability arises. An individual owns 2 properties that are both taxable land. The properties each have a taxable value of $500,000. The taxpayer’s liability for land tax is worked out using the total taxable value of $1,000,000. (sec.19-ssec.2) This section is subject to sections 20 and 21 .