16Making the application

16 Making the application

16 Making the application

(1) A transferee, including a trustee transferee, who is eligible to make an application to subject land to property tax may make the application to the Chief Commissioner.

(2) The application must be made—

(a) for an agreement for sale or transfer—before the transfer of the land, or

(b) otherwise—before the earlier of—

(i) the end of the duty default period, or

(ii) the time at which the instrument effecting the transfer is endorsed under the Duties Act 1997, section 289.

(3) The application may be revoked by the applicant if the applicant makes an application to the Chief Commissioner for revocation before the land is transferred.

(4) An application under this section must be in a form approved by the Chief Commissioner.

(5) The Chief Commissioner may require an applicant to provide further information if the Chief Commissioner considers it necessary for the proper administration of this Act.

(6) The Chief Commissioner may impose the requirement at any time, including after the application has been approved.

(7) In this section—

duty default period for a relevant transaction, means the period of 3 months after the liability to pay duty arises under the Duties Act 1997 for the transaction.