sec.58ADefinitions for part

sec.58A Definitions for part

In this part— BTR start date , for an eligible BTR development, means 1 July in the financial year immediately preceding the first financial year for which a taxpayer’s liability for land tax is assessed on the basis that land is land used for the eligible BTR development. A taxpayer’s liability for land tax for the financial year starting on 1 July 2026 is assessed on the basis that land is land used for an eligible BTR development. An assessment of liability for land tax has not previously been made on the basis that the land is used for that purpose. The BTR start date for the eligible BTR development is 1 July 2025. build to rent development see section 58D . discounted rent dwelling , in a build to rent development, see section 58P (2) . discounted rent housing agreement see section 58R . eligible BTR development see section 58E . eligible tenant see section 58Q . land used for an eligible BTR development , for a financial year, see section 58C . residential tenancy agreement means a residential tenancy agreement to which the Residential Tenancies and Rooming Accommodation Act 2008 applies. staged development see section 58D (4) . suitable for occupation , in relation to a building, means a certificate of occupancy has been given for the building under the Building Act 1975 . s 58A ins 2023 No. 18 s 12