AustLII Tasmanian Consolidated Acts

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LAND TAX ACT 2000 - SECT 26

Division 4 - Apportioned assessed land value Apportioned assessed land value for principal residence land

(1)  If principal residence land is used for other purposes, not including a qualifying home business, in addition to the principal residence of an owner or a related person of the owner, the Commissioner is to apportion the land value of the land between principal residence land and general land.
(2)  The apportioned assessed land value in respect of principal residence land used as the principal residence of the owner, or a related person of the owner, is determined by multiplying the assessed land value by the proportion of land area so used.
(2A)  For the purposes of subsection (2), the land area is the area of the land together with the areas of all additional floors above or below ground level (but not including the ground floor) of all structures on the land.
(3)  The apportioned assessed land value in respect of general land is the assessed land value less the apportioned assessed land value in respect of principal residence land.



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