Have your say on our draft rulings on land tax primary production exemptions
Published on 12 October 2022
We have published two new draft revenue rulings:
- LTA-010 — Exemption for primary production land
- LTA-011 — Primary production exemption for land in urban zone
LTA-010 provides the Commissioner’s interpretation of key terms and elements relating to the primary production land exemption in the context of sections 64, 65 and 66 of the Land Tax Act 2005. It explains the activities that amount to primary production, the meaning of 'used primarily for primary production' and the burden of proof for establishing that a relevant primary production land exemption applies.
LTA-011 sets out the requirements for the primary production land exemption under section 67 the Land Tax Act 2005 and provides an explanation of the meaning of business as well as the key elements in the ownership tests.
Feedback is welcome by email to firstname.lastname@example.org until 5pm AEDT Thursday 10 November 2022.