New South Wales Consolidated Acts
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LAND TAX ACT 1956 - SECT 3AJ
Levy of land tax after 31 December 2005 and before 31 December 2007
3AJ Levy of land tax after 31 December 2005 and before 31 December 2007
(1) Except as provided by subsection (2), in respect of the taxable value of
all the land owned by any person at midnight on 31 December in any year
(commencing with 2005 and ending with 2006) there is to be charged, levied,
collected and paid under the provisions of the Principal Act and in the manner
prescribed under that Act, land tax for the period of 12 months commencing on
1 January in the next succeeding year and at the rates set out in Schedule 11.
(2) In respect of the taxable value of all the land owned by a person at
midnight on 31 December in any year (commencing with 2005 and ending with
2006) where-- (a) the owner is a company classified under section 29 of the
Principal Act as a non-concessional company, or
(b) the land is subject to a
special trust,
land tax for the period of 12 months commencing on 1 January in
the next succeeding year is, except as provided by section 27 (2A) of the
Principal Act, to be charged, levied, collected and paid as referred to in
subsection (1) at the rate of 1.7 cents for each $1 of the taxable value.
(3)
If the total amount of land tax payable pursuant to this section by any person
in any year would, but for this subsection, be less than $100, no land tax is
payable.
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