Western Australian Numbered Acts

LAND TAX ASSESSMENT ACT 2002 (NO. 52 OF 2002) - SECT 24

24 .         New private residences

        (1)         Private residential property (except property held in trust) that is owned by an individual is exempt for an assessment year if —

            (a)         the construction of the private residence that forms part of the property is completed during the assessment year;

            (b)         at midnight on 30 June in the previous financial year the individual owned the land on which the private residence is constructed;

            (c)         the individual is the first occupant of the private residence; and

            (d)         the individual uses the private residence as his or her primary residence during the assessment year.

        (2)         However, the property is not exempt if any other private residential property owned by the same individual is exempt for the assessment year under another provision of this Division as a result of its use by the individual as his or her primary residence.

        (3)         The Commissioner is to make any reassessment necessary to give effect to this section.