Western Australian Numbered Acts Western Australian Numbered Acts (1) Land (except land
in a non-rural zone) is exempt for an assessment year if, at midnight on 30
June in the previous financial year, it is or was used solely or principally
on a commercial basis to produce income to the user from the sale of produce
or stock in the course of carrying out one or more of the following kinds of
rural business —
(a) an
agricultural business, silvicultural business or reafforestation business;
(b) a
grazing business, horse-breeding business, horticultural business,
viticultural business, apicultural business, pig-raising business or poultry
farming business.
(2) However, land used
as holding paddocks for stock is not exempt unless it is used in the course of
carrying out a rural business.
(3) Land in a
non-rural zone that is used by the owner of the land for a rural business or
rural businesses is exempt from land tax for an assessment year if more than
one third of the owner’s total net income for the previous financial
year was derived from the owner’s carrying out a business or businesses
of that kind in the State.
(4) However, even if
subsection (3) does not apply to land in a rural zone used for a
silvicultural business or reafforestation business or both, the land is exempt
for an assessment year if —
(a) it
is at least 100 hectares in area; and
(b) at
midnight on 30 June in the previous financial year it is fully stocked for the
purposes of the business or businesses.