6AForeign investor land tax payable on certain land

6A Foreign investor land tax payable on certain land

[Section 6A Inserted by No. 17 of 2022, s. 4, Applied:01 Jul 2022]

(1)  This section applies to land if foreign investor land tax is payable in respect of the land under the Land Tax Act 2000 .

(2)  In a financial year beginning on 1 July 2022 or on 1 July in any subsequent year, the amount of land tax payable in respect of land to which this section applies is 2% of the assessed land value of the land.

(3)  The amount of land tax payable in respect of land under subsection (2) is in addition to any other amount of land tax payable under the Land Tax Act 2000 in respect of the land.