s. 46C (7) Subsection (4)(a) does not apply to a beneficiary who holds a beneficial interest as trustee of another trust. Note Section 46D(1)(a) deems such a person to be the owner of land. 46C Land tax for unit trust scheme if unitholdings S. 46C inserted by notified to Commissioner No. 85/2005 s. 27. (1) A trustee of a unit trust scheme to which land is subject may lodge with the Commissioner a written notice of the unitholdings in the scheme. (2) A notice must— (a) be in the form, and contain the information, determined by the Commissioner; and (b) be lodged with the Commissioner on or before— (i) if any of the land subject to the scheme is pre-2006 land—the later of 30 June 2006 or 3 months after the day on which a liability first arises for land tax on the land; or (ii) if the only land subject to the scheme is post-2006 land—in the year in which the land first became subject to the scheme. (3) A notice takes effect— (a) for the 2006 tax year if it is lodged on or before 30 June 2006 in respect of pre-2006 land; or (b) in any other case, for the tax year in respect S. 46C(3)(b) substituted by of which the notice is lodged— No. 68/2007 s. 12.
(7) Subsection (4)(a) does not apply to a beneficiary who holds a beneficial interest as trustee of another trust. Note Section 46D(1)(a) deems such a person to be the owner of land. S. 46C inserted by No. 85/2005 s. 27. 46C Land tax for unit trust scheme if unitholdings notified to Commissioner (1) A trustee of a unit trust scheme to which land is subject may lodge with the Commissioner a written notice of the unitholdings in the scheme. (2) A notice must— (a) be in the form, and contain the information, determined by the Commissioner; and s. 46C (b) be lodged with the Commissioner on or before— (i) if any of the land subject to the scheme is pre-2006 land—the later of 30 June 2006 or 3 months after the day on which a liability first arises for land tax on the land; or (ii) if the only land subject to the scheme is post-2006 land—in the year in which the land first became subject to the scheme. (3) A notice takes effect— (a) for the 2006 tax year if it is lodged on or before 30 June 2006 in respect of pre-2006 land; or S. 46C(3)(b) substituted by No. 68/2007 s. 12. (b) in any other case, for the tax year in respect of which the notice is lodged—
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