Australian Capital Territory Numbered Acts

REVENUE LEGISLATION AMENDMENT ACT 2019 (NO 2) (NO. 46 OF 2019) - SECT 25

substitute

11C     Moving into principal place of residence—new owner

    (1)     This section applies if a person becomes the owner (the new owner ) of a parcel of land, to be occupied by the new owner as their principal place of residence.

    (2)     The parcel of land is exempt from land tax for the 1st quarter after the date the new owner becomes the owner of the parcel.

Note     Under s 14 the commissioner must be told within 30 days if there is a change in circumstances that would cause land tax to become payable for the parcel.

    (3)     Subsection (2) does not apply if, within 3 months after the date the new owner becomes the owner of the parcel—

        (a)     the new owner does not occupy the parcel as their principal place of residence; or

        (b)     the parcel is rented by a tenant, other than the seller of the parcel under an agreement with the new owner for a period of not longer than 3 months.

11CA     Moving into principal place of residence—ending rental

    (1)     This section applies if a parcel of land stops being rented so it can be occupied by the owner of the parcel as their principal place of residence.

    (2)     The parcel of land is exempt from land tax for the 1st quarter after the date the parcel stopped being rented.

Note     Under s 14 the commissioner must be told within 30 days if there is a change in circumstances that would cause land tax to become payable for the parcel.

    (3)     Subsection (2) does not apply if, within 3 months after the date the parcel stopped being rented—

        (a)     the owner does not occupy the parcel as their principal place of residence; or

        (b)     the parcel is rented by a tenant.