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LAND TAX ACT 2010 - SECT 29
Lots in community titles schemes or on BUGTA plans
29 Lots in community titles schemes or on BUGTA plans
(1) For assessing a taxpayer’s liability for land tax on a lot included in a
community titles scheme or shown on a BUGTA plan— (a) the commissioner must
apportion the taxable value of the relevant land between the lots included in
the community titles scheme or shown on the BUGTA plan in proportion to the
relevant lot entitlements; and
(b) the taxable value of each lot is taken to
be the amount apportioned to it under paragraph (a) ; and
(c) each lot is
taken to be a separate parcel.
(2) If all or some of the lots included in the
community titles scheme or shown on the BUGTA plan are included in a
time-sharing scheme— (a) the lots included in the time-sharing scheme are
taken to be 1 lot (the
"time-sharing lot" ); and
(b) the relevant lot entitlement of the
time-sharing lot is taken to be the total of the relevant lot entitlements for
the lots included in the time-sharing scheme.
(3) This section applies
despite section 16 and the BCCM Act , section 194 .
(4) In this section—
"relevant land" means— (a) the scheme land for the community titles scheme;
or
(b) the land comprised in the BUGTA plan.
"relevant lot entitlement" means— (a) for a lot included in a community
titles scheme—the interest schedule lot entitlement of the lot; or
(b) for
a lot shown on a BUGTA plan—the lot entitlement of the lot.
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