sec.41Exemption for land used as home

sec.41 Exemption for land used as home

This section applies to land that is— comprised in 1 parcel; and either— owned by a person, other than a trustee or the manager of a time-sharing scheme, and used as the person’s home; or owned by a trustee of a trust, other than an absentee, and used as the home of all beneficiaries of the trust; and not used for a non-exempt purpose. The land is exempt land. This section is subject to section 43 . A co-owner, other than a trustee, who does not use the land as his or her home can not obtain a benefit under this section (see section 22 (3) ). (sec.41-ssec.1) This section applies to land that is— comprised in 1 parcel; and either— owned by a person, other than a trustee or the manager of a time-sharing scheme, and used as the person’s home; or owned by a trustee of a trust, other than an absentee, and used as the home of all beneficiaries of the trust; and not used for a non-exempt purpose. (sec.41-ssec.2) The land is exempt land. (sec.41-ssec.3) This section is subject to section 43 . A co-owner, other than a trustee, who does not use the land as his or her home can not obtain a benefit under this section (see section 22 (3) ).

• (a) comprised in 1 parcel; and
• (b) either— (i) owned by a person, other than a trustee or the manager of a time-sharing scheme, and used as the person’s home; or (ii) owned by a trustee of a trust, other than an absentee, and used as the home of all beneficiaries of the trust; and
• (i) owned by a person, other than a trustee or the manager of a time-sharing scheme, and used as the person’s home; or
• (ii) owned by a trustee of a trust, other than an absentee, and used as the home of all beneficiaries of the trust; and
• (c) not used for a non-exempt purpose.
• (i) owned by a person, other than a trustee or the manager of a time-sharing scheme, and used as the person’s home; or
• (ii) owned by a trustee of a trust, other than an absentee, and used as the home of all beneficiaries of the trust; and