62JLand that is eligible to have unutilised value ascertained

62J Land that is eligible to have unutilised value ascertained

62J Land that is eligible to have unutilised value ascertained

(1) Land is eligible to have an unutilised value allowance ascertained for its land value as at 1 July in a year if it satisfies the description in either of the following paragraphs as at midnight on 30 June in that year—

(a) a parcel of land used or occupied solely as the site of a single dwelling-house and which is, under an environmental planning instrument, zoned or otherwise designated for use for the purposes of industry, commerce or the erection of residential flat buildings,

(b) a parcel of land (which may comprise one or more lots or portions in a current plan within the meaning of the Conveyancing Act 1919) used or occupied solely as the site of a single dwelling-house and which is, under an environmental planning instrument, zoned or otherwise designated, so as to permit its subdivision for residential purposes.

(c) (Repealed)

(2) (Repealed)

s 62J: Ins 1992 No 84, Sch 1 (19). Am 1994 No 48, Sch 5 (12); 1997 No 152, Sch 4.20 [1]; 2000 No 106, Sch 3 [9] [10]; 2023 No 18, Sch 4[3].