42Transfers of land subject to property tax

42 Transfers of land subject to property tax

42 Transfers of land subject to property tax

Each of the following transactions of land subject to property tax is taken to be a transfer of the land to the person specified—

(a) a transfer of the land—the transferee,

(b) an agreement for the sale or transfer of land—the purchaser or transferee,

(c) a declaration of trust over the land—the person declaring the trust,

(d) a surrender of the land—the person to whom the land is surrendered,

(e) a vesting of the land because of the following—the person in whom the land is vested—

(i) an order of a court of an Australian or other jurisdiction,

(ii) legislation of an Australian or other jurisdiction.