Land Tax Act 2010
sec.67When is a tax benefit obtained
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sec.67 When is a tax benefit obtained
A person obtains a tax benefit if an amount of land tax or windfall tax payable by the person under this Act apart from this part is, or could reasonably be expected to be, less than it would have been had the scheme not been entered into or carried out. The amount of the tax benefit is the difference between the amount of land tax or windfall tax payable and the amount of land tax or windfall tax that would have been payable had the scheme not been entered into or carried out. s 67 amd 2025 No. 15 s 17 (sec.67-ssec.1) A person obtains a tax benefit if an amount of land tax or windfall tax payable by the person under this Act apart from this part is, or could reasonably be expected to be, less than it would have been had the scheme not been entered into or carried out. (sec.67-ssec.2) The amount of the tax benefit is the difference between the amount of land tax or windfall tax payable and the amount of land tax or windfall tax that would have been payable had the scheme not been entered into or carried out.