South Australian Current Acts

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LAND TAX ACT 1936 - SECT 11

11—Separate assessment of trust land

Where a person is the owner of land as trustee of a trust (other than a trust arising because of a contract to purchase or acquire an estate or interest in the land), the trustee is to be assessed for land tax on the whole of the land subject to the trust as if the land were the only land owned by the trustee.

Note—

This means that where an interest in land is held on trust (other than a trust arising because of a contract to purchase or acquire an estate or interest in the land) and the trustee is the taxpayer for the land, the taxable value of the interest in land—

        •         will be aggregated with the taxable value of other land subject to the same trust; but

        •         will not be aggregated with the taxable value of other land owned by the same taxpayer and not subject to the same trust.



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