Act Repealed Latest version as at 23 September 1983 (as enacted) | 1983 No 12

Land Tax Amendment Act 1983

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Contents

Short Title

Application

Exemption of certain classes of land

Land Tax Amendment Act 1983

Public Act		1983 No 12
Date of assent		23 September 1983

	Title
1	Short Title
2	Application
3	Exemption of certain classes of land
	Administrative information

An Act to amend the Land Tax Act 1976

BE IT ENACTED by the General Assembly of New Zealand in Parliament assembled, and by the authority of the same, as follows:

1 Short Title

This Act may be cited as the Land Tax Amendment Act 1983, and shall be read together with and deemed part of the Land Tax Act 1976 (hereinafter referred to as the principal Act).

2 Application

This Act shall apply with respect to the land tax for the year of assessment commencing on the 1st day of April 1984 and for every subsequent year.

3 Exemption of certain classes of land

(1)

Section 27(1) of the principal Act (as amended by section 3 of the Land Tax Amendment Act 1981) is hereby amended by repealing paragraph (k).

(2)

The said section 27(1)(as so amended) is hereby further amended by adding the following paragraph:

“(p)

Land owned by a taxpayer which is used as the site of the taxpayer’s residence (being a house, flat, townhouse, home unit, or similar dwelling) which is occupied as the principal place of abode of the taxpayer:

“Provided that, where the area of the land so owned and used is, as the case may be,—

“(i)

Greater than 4500 square metres; or

“(ii)

Where the area that, in the opinion of the Commissioner, is required for the reasonable occupation of the land (having regard to the size and character of the residence erected on that land and the nature of the land) exceeds 4500 square metres, greater than that area that is so required,—

the exemption provided by this paragraph shall not extend to so much of that land as, in area, exceeds 4500 square metres or, as the case may be, that area that is so required.”

(3)

The following enactments are hereby consequentially repealed:

(a)

The definition of the expression “superannuation fund” in section 2 of the principal Act (as inserted by section 2 of the Land Tax Amendment Act 1977):

(b)

Section 2 of the Land Tax Amendment Act 1977.

This Act is administered in the Inland Revenue Department.

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Land Tax Amendment Act 1983