38Recovery of unpaid amounts

38 Recovery of unpaid amounts

38 Recovery of unpaid amounts

(1) An amount of unpaid property tax is—

(a) a charge on the land, and

(b) the first charge on the land.

(2) The following are taken to be unpaid property tax for the purposes of this Act—

(a) unpaid interest on unpaid property tax,

(b) unpaid penalties imposed under the Taxation Administration Act 1996 in relation to property tax.

(3) A charge on land under this Act must be paid before the land is transferred.

(4) The maximum amount payable under the charge if the land is transferred is 75% of the dutiable value of the land.

(5) The Chief Commissioner must waive payment of that part of the charge that is more than 75% of the dutiable value of the land if the charge is only a charge on that land and no other land.