Victorian Current Acts

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VALUATION OF LAND ACT 1960 - SECT 15AA

Commissioner must give notice of supplementary valuation under Part IIB

    (1)     The Commissioner must, in respect of any windfall gains tax payable in respect of rateable land or non-rateable leviable land, give the person liable to pay the tax a notice of valuation that shows the capital improved value of the land as assessed in the supplementary valuation made under Part IIB.

    (2)     A notice of assessment of windfall gains tax served under section 14 of the Taxation Administration Act 1997 that shows the capital improved value of the land is taken to be a notice of valuation for the purposes of subsection (1).

S. 15A inserted by No. 3/2004 s. 19, amended by No. 88/2005 s. 117(Sch. 2 item 10.4).



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