New land tax rulings on primary production land exemptions
Published on 21 December 2022
Following public consultation, we have published two land tax rulings:
- LTA-010 - Exemption for primary production land 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 - Primary production exemption for land in urban zone 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.
Both rulings apply from the 2023 land tax year.
Last modified: 21 December 2022