scheme relates instead of the participants under that scheme. Division 3—What is the taxable value of land? 19 Taxable value of land S. 19 substituted by No. 84/2006 s. 9. (1) Subject to subsection (1A), the taxable value of S. 19(1) amended by land for a tax year is an amount equal to the site No. 28/2017 value of the land as at the relevant date. s. 52(1). (1A) For the purposes of calculating vacant residential S. 19(1A) inserted by land tax, the taxable value of land for a tax year is No. 28/2017 an amount equal to the capital improved value of s. 52(2). the land as at the relevant date. (2) The is— S. 19(2) relevant date amended by No. 69/2011 (a) for land that is rateable land or nonrateable s. 35, leviable land— substituted by Nos 40/2014 (i) subject to subparagraph (ii), the date s. 14, 66/2016 s. 4. as at which that land was valued for the purposes of the last general valuation returned to the valuation authority before 1 January in the tax year; or (ii) if that land has been valued for the purposes of a supplementary valuation after the return date of the last general valuation referred to in subparagraph (i) but before 1 January in the tax year, the return date of the supplementary valuation; and (b) for land that is non-rateable nonleviable land— (i) subject to subparagraph (ii), the date as at which rateable land or non-rateable leviable land was valued for the
scheme relates instead of the participants under that scheme. Division 3—What is the taxable value of land? S. 19 substituted by No. 84/2006 s. 9. 19 Taxable value of land S. 19(1) amended by No. 28/2017 s. 52(1). (1) Subject to subsection (1A), the taxable value of land for a tax year is an amount equal to the site value of the land as at the relevant date. S. 19(1A) inserted by No. 28/2017 s. 52(2). (1A) For the purposes of calculating vacant residential land tax, the taxable value of land for a tax year is an amount equal to the capital improved value of the land as at the relevant date. S. 19(2) amended by No. 69/2011 s. 35, substituted by Nos 40/2014 s. 14, 66/2016 s. 4. (2) The relevant date is— (a) for land that is rateable land or nonrateable leviable land— (i) subject to subparagraph (ii), the date as at which that land was valued for the purposes of the last general valuation returned to the valuation authority before 1 January in the tax year; or (ii) if that land has been valued for the purposes of a supplementary valuation after the return date of the last general valuation referred to in subparagraph (i) but before 1 January in the tax year, the return date of the supplementary valuation; and (b) for land that is non-rateable nonleviable land— (i) subject to subparagraph (ii), the date as at which rateable land or non-rateable leviable land was valued for the
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