Victorian Current Acts

LAND TAX ACT 2005 - SECT 88E

Land is exempt from vacant residential land tax for a tax year if—

        (a)     at the commencement of the second year preceding the tax year the land was not residential land within the meaning of section 34B(1); and

        (b)     during the second year preceding the tax year the land becomes residential land within the meaning of section 34B(1); and

        (c)     for the period from which the land becomes residential land within the meaning of section 34B(1) up to the tax year—

              (i)     the land has not been used or occupied; and

              (ii)     the land has not changed in ownership.

S. 88EA inserted by No. 38/2023 s. 28A (as amended by No. 50/2024 s. 49).