Preparation of land for a primary production exemption

This ruling provides guidance as to what are considered preparatory activities to satisfy s68 of the Land Tax Act 2005. It has been replaced by LTA-006v2 which provides more detailed guidance on the activities that constitute preparation of land for use primarily for primary production, identifies the factors the Commissioner will consider in exercising his discretion to extend the 12-month period, and sets out the evidentiary requirements for the exemption.

Download revenue-ruling-lta-006.pdf / 87.43 KB

Disclaimer

Rulings do not have the force of law. Each decision made by the State Revenue Office is made on the merits of each individual case having regard to any relevant ruling. All rulings must be read subject to Revenue Ruling GEN-001.