Land Tax Act 2010
sec.58GMaximum period of use
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sec.58G Maximum period of use
The maximum number of financial years for which the land may be land used for an eligible BTR development is 20 financial years. However, the last financial year for which the land may be land used for an eligible BTR development is the financial year ending on 30 June 2050. s 58G ins 2023 No. 18 s 12 (sec.58G-ssec.1) The maximum number of financial years for which the land may be land used for an eligible BTR development is 20 financial years. (sec.58G-ssec.2) However, the last financial year for which the land may be land used for an eligible BTR development is the financial year ending on 30 June 2050.