This Supplementary Order Paper removes the references to residential land, so that the bill applies to all land. As currently drafted, the bill only applies to residential land, despite the fact that existing tax rules around property speculation apply to all land. The rules would be simpler and easier to enforce if they applied to all land equally. The definition of “residential” versus other types of land in the bill may be difficult to apply and could result in a loophole by which some land being purchased and sold by speculators that may eventually be used for residential purposes is not captured by the rule. It may also have the unintended consequence of encouraging more speculation in non-residential land.