AustLII Tasmanian Numbered Acts

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TAXATION LEGISLATION (MISCELLANEOUS AMENDMENTS) ACT 2006 (NO. 40 OF 2006) - SECT 22

Section 6 amended (Principal residence land)

Section 6(4) of the Principal Act is amended as follows:
(a) by omitting from paragraph (c) "land." and substituting "land; and" ;
(b) by inserting the following paragraph after paragraph (c) :
(d) the Commissioner is satisfied that the person, by reason of his or her ownership of 50% or more shares in another company, does not have another principal residence situated on other land which –
(i) is beneficially owned by that other company; and
(ii) has been determined under this subsection to be principal residence land.



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