Land Tax Act 2010
sec.58ZBNotice about use of land used for eligible BTR development during final period of ownership
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sec.58ZB Notice about use of land used for eligible BTR development during final period of ownership
This section applies if a person— is required to give the commissioner notice under section 78 (2) because the person has ceased to be the owner of land used for an eligible BTR development for a financial year; or would, but for section 78 (3) , be required to give the commissioner notice as mentioned in paragraph (a) . The person must, within 1 month after ceasing to be the owner of the land, give the commissioner notice in the approved form stating how the land has been used during the period— starting on 1 July in the financial year during which the person ceases to be the owner of the land; and ending on the day the person ceases to be the owner of the land. Under the Administration Act , the requirement under this section is a lodgement requirement for which a failure to comply is an offence under section 121 of that Act. s 58ZB ins 2023 No. 18 s 12 (sec.58ZB-ssec.1) This section applies if a person— is required to give the commissioner notice under section 78 (2) because the person has ceased to be the owner of land used for an eligible BTR development for a financial year; or would, but for section 78 (3) , be required to give the commissioner notice as mentioned in paragraph (a) . (sec.58ZB-ssec.2) The person must, within 1 month after ceasing to be the owner of the land, give the commissioner notice in the approved form stating how the land has been used during the period— starting on 1 July in the financial year during which the person ceases to be the owner of the land; and ending on the day the person ceases to be the owner of the land. Under the Administration Act , the requirement under this section is a lodgement requirement for which a failure to comply is an offence under section 121 of that Act.
- (a) is required to give the commissioner notice under section 78 (2) because the person has ceased to be the owner of land used for an eligible BTR development for a financial year; or
- (b) would, but for section 78 (3) , be required to give the commissioner notice as mentioned in paragraph (a) .
- (a) starting on 1 July in the financial year during which the person ceases to be the owner of the land; and
- (b) ending on the day the person ceases to be the owner of the land.