Act Repealed Latest version as at 26 August 1981 (as enacted) | 1981 No 17

Land Tax Amendment Act 1981

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Contents

Short Title

Application

Exemption of certain classes of land

Schedule

Schedule NEW SCHEDULE TO PRINCIPAL ACT

Land Tax Amendment Act 1981

Public Act		1981 No 17
Date of assent		26 August 1981

	Title
1	Short Title
2	Application
3	Exemption of certain classes of land
4	Schedule
	Schedule NEW SCHEDULE TO PRINCIPAL ACT
	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 1981, 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 that commenced on the 1st day of April 1981 and for every subsequent year.

3 Exemption of certain classes of land

(1)

Section 27(1) of the principal Act is hereby amended by adding the following paragraphs:

“(n)

Land owned or occupied by, or in trust for, any society or association of persons, whether incorporated or not, if the land is used solely or principally for games or sports other than horse racing, greyhound racing, or trotting, and is not used for the private pecuniary profit of any individual:

“(o)

Land owned or occupied by any racing club (as defined in section 2 of the Racing Act 1971) or by any company, all the shares in which are owned by any such racing club or racing clubs, if such land is used solely or principally for the purposes of horse racing, greyhound racing, or trotting.”

(2)

Section 27(1)(l) of the principal Act is hereby consequentially amended by omitting from the proviso the words “to land used for the purposes of a racecourse within the meaning of the Racing Act 1971 or”.

(3)

Section 28(2) of the principal Act is hereby consequentially amended by repealing paragraphs (a), (f), and (g).

(4)

The Land Tax Amendment Act 1978 is hereby consequentially amended by repealing section 4.

4 Schedule

The principal Act is hereby further amended by repealing the Schedule, and substituting the Schedule set out in the Schedule to this Act.

Schedule NEW SCHEDULE TO PRINCIPAL ACT

Section 4

Schedule “ Rate of Land Tax

Section 2

The rate of land tax shall be 2c for every $1 of land value on which land tax is payable.”

This Act is administered in the Inland Revenue Department.

Land Tax Amendment Act 1981