(1) The Commissioner
may make an assessment (an interim assessment ) of a portion of the foreign
landholder duty payable in respect of a foreign landholder acquisition if,
under section 195A(1), the Commissioner makes an assessment of a portion of
the landholder duty payable in respect of the acquisition.
(2) For the purposes
of making an interim assessment, the foreign landholder duty payable is to be
determined as if the portion of the value of the residential landholder were
the full value of the residential landholder.
(3) The Commissioner
can make a determination of a portion of the value of a residential landholder
for the purposes of making an interim assessment even though the Commissioner
has ascertained —
(a) the
value of only some of the residential property or chattels to which
section 186(1) applies; or
(b) only
a portion of the value of particular residential property or chattels to which
section 186(1) applies.
[Section 205ZL inserted: No. 24 of 2018 s. 8.]
[Heading inserted: No. 24 of 2018 s. 8.]
[Heading inserted: No. 24 of 2018 s. 8.]