Land Tax Act 2010
sec.58BConcessions for land used for eligible BTR development
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sec.58B Concessions for land used for eligible BTR development
This section applies to land that is land used for an eligible BTR development for a financial year. The taxable value of the land must be discounted by 50%. Also, if the owner of the land is a company or trustee that is a foreign company or a trustee of a foreign trust, the surcharge rate mentioned in section 32 (1) (b) (ii) does not apply. s 58B ins 2023 No. 18 s 12 (sec.58B-ssec.1) This section applies to land that is land used for an eligible BTR development for a financial year. (sec.58B-ssec.2) The taxable value of the land must be discounted by 50%. (sec.58B-ssec.3) Also, if the owner of the land is a company or trustee that is a foreign company or a trustee of a foreign trust, the surcharge rate mentioned in section 32 (1) (b) (ii) does not apply.