Property Tax (First Home Buyer Choice) Act 2022
20Liability for property tax
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20 Liability for property tax
20 Liability for property tax
(1) An included owner of land subject to property tax is liable to pay property tax on the land each financial year.
(2) If there is more than 1 included owner of the land, each included owner is jointly and severally liable to pay the property tax.
(3) The liability for a financial year arises at the start of the financial year.
(4) If land becomes subject to property tax during a financial year, the liability is only for the part of the financial year commencing when the land becomes subject to property tax.
(5) If land ceases to be subject to property tax during a financial year, the liability is only for the part of the financial year until the land ceases to be subject to property tax.