sec.49Extension of use requirement period

sec.49 Extension of use requirement period

This section applies if a taxpayer’s liability for land tax for a financial year is assessed on the basis that vacant land is exempt land under section 47 (2) (b) . The charitable institution may apply to the commissioner in the approved form for an extension of the use requirement period. The application must be made within 28 days before the use requirement period ends. The commissioner may extend the use requirement period to end on a later date fixed by the commissioner if the commissioner is satisfied— the land has not been used predominantly for 1 or more exempt purposes, or used for any other purpose; but the land will be used predominantly for 1 or more exempt purposes by that later date. The commissioner must give notice to the charitable institution of the commissioner’s decision on the application. The use requirement period may be extended under this section more than once. (sec.49-ssec.1) This section applies if a taxpayer’s liability for land tax for a financial year is assessed on the basis that vacant land is exempt land under section 47 (2) (b) . (sec.49-ssec.2) The charitable institution may apply to the commissioner in the approved form for an extension of the use requirement period. (sec.49-ssec.3) The application must be made within 28 days before the use requirement period ends. (sec.49-ssec.4) The commissioner may extend the use requirement period to end on a later date fixed by the commissioner if the commissioner is satisfied— the land has not been used predominantly for 1 or more exempt purposes, or used for any other purpose; but the land will be used predominantly for 1 or more exempt purposes by that later date. (sec.49-ssec.5) The commissioner must give notice to the charitable institution of the commissioner’s decision on the application. (sec.49-ssec.6) The use requirement period may be extended under this section more than once.

• (a) the land has not been used predominantly for 1 or more exempt purposes, or used for any other purpose; but
• (b) the land will be used predominantly for 1 or more exempt purposes by that later date.