sec.58CLand used for an eligible BTR development

sec.58C Land used for an eligible BTR development

Land is land used for an eligible BTR development , for a financial year, if the commissioner is satisfied that— during the previous financial year— the land was used, solely or primarily, for an eligible BTR development; and if the land was owned by more than 1 owner—no owner of the land, either individually or with another owner, was entitled to a specific part of the land that 1 or more of the other owners were not entitled to; and the requirements under subdivision 2 are satisfied in relation to— the maximum period for which the land may be land used for an eligible BTR development; and See section 58G in relation to the maximum period for which land may be land used for an eligible BTR development. if land tax for a previous financial year has been assessed on the basis that the land was land used for an eligible BTR development—the continuous use of the land for an eligible BTR development from the BTR start date for the development. See sections 58H to 58J in relation to continuity of use of land for an eligible BTR development. See also section 58ZC for how these requirements apply if the first or only building comprising a build to rent development becomes suitable for occupation before 1 January in a financial year. For subsection (1) (a) , if the eligible BTR development is a staged development, to the extent the land is intended to be used for a future stage of the development the land is taken to be used for the eligible BTR development. To remove any doubt, it is declared for this part that to the extent land is used for an associated common area for the eligible BTR development the land is used for eligible BTR development. In this section— associated common area , in relation to an eligible BTR development located on a parcel, means parts of the parcel, other than dwellings, that are available for the exclusive use of occupants of the dwellings. common areas, amenities such as swimming pools and gymnasiums, on-site management facilities s 58C ins 2023 No. 18 s 12 (sec.58C-ssec.1) Land is land used for an eligible BTR development , for a financial year, if the commissioner is satisfied that— during the previous financial year— the land was used, solely or primarily, for an eligible BTR development; and if the land was owned by more than 1 owner—no owner of the land, either individually or with another owner, was entitled to a specific part of the land that 1 or more of the other owners were not entitled to; and the requirements under subdivision 2 are satisfied in relation to— the maximum period for which the land may be land used for an eligible BTR development; and See section 58G in relation to the maximum period for which land may be land used for an eligible BTR development. if land tax for a previous financial year has been assessed on the basis that the land was land used for an eligible BTR development—the continuous use of the land for an eligible BTR development from the BTR start date for the development. See sections 58H to 58J in relation to continuity of use of land for an eligible BTR development. See also section 58ZC for how these requirements apply if the first or only building comprising a build to rent development becomes suitable for occupation before 1 January in a financial year. (sec.58C-ssec.2) For subsection (1) (a) , if the eligible BTR development is a staged development, to the extent the land is intended to be used for a future stage of the development the land is taken to be used for the eligible BTR development. (sec.58C-ssec.3) To remove any doubt, it is declared for this part that to the extent land is used for an associated common area for the eligible BTR development the land is used for eligible BTR development. (sec.58C-ssec.4) In this section— associated common area , in relation to an eligible BTR development located on a parcel, means parts of the parcel, other than dwellings, that are available for the exclusive use of occupants of the dwellings. common areas, amenities such as swimming pools and gymnasiums, on-site management facilities