12Basis for making application

12 Basis for making application

12 Basis for making application

(1) A transferee may make an application to subject transferred land to property tax if at the time the application is made—

(a) the transferee is an eligible transferee, and

(b) the transfer is an eligible transfer.

(2) However, a transferee may not make an application if—

(a) there is more than 1 eligible transferee, and

(b) another eligible transferee does not agree to the application being made.

(3) A transferee may not make an application if the transferred land will be held on trust following the transfer of the land, unless the trust is an approved trust.

(4) For an approved trust referred to in section 10(1), a trustee transferee is eligible to make an application under this section on behalf of a beneficiary who would be eligible to make the application.