New South Wales Consolidated Acts
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LAND TAX MANAGEMENT ACT 1956 - SECT 62L
How unutilised value allowance is ascertained
62L How unutilised value allowance is ascertained
(1) The unutilised value allowance for a land value is the amount calculated
by deducting from the land value of the land the value that the land would
have if it could be used only as the site of a single dwelling-house.
However, no account is to be taken of any portion of the land which is in
excess of that which is reasonably necessary to be occupied or used in
conjunction with the single dwelling-house.
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