Australian Capital Territory
Taxation Administration (Amounts Payable—Land Tax) Determination 2017 (No 1)
Disallowable instrument DI2017–141
made under the  
Taxation Administration Act 1999, s 139 (Determination of amounts payable under tax laws)

1	Name of instrument
This instrument is the Taxation Administration (Amounts Payable—Land Tax) Determination 2017 (No 1).
2	Commencement 
This instrument commences on 1 July 2017. 
3	Definitions
In this instrument:
Act means the Land Tax Act 2004.
AUV—see the Act, section 9 (4).
AUVRU—see the Act, section 27 (7).
base value, of a parcel of land, means—
(a)	the AUV of the parcel; or
(b)	for a unit—the AUVRU worked out for the unit.
Note	Section 26 (2) of the Act provides that when applying the Act to a unit subdivision, a reference to a parcel of land in relation to the assessment or payment of land tax is a reference to a unit.
parcel—see the Act, dictionary.
unit—see the Act, dictionary.
unit subdivision—see the Act, dictionary.
4	Working out base value with fractions for instrument
In working out the base value, any fraction of a dollar in the amount worked out must be disregarded.
Note	Section 40 (2) of the Act provides that in working out an AUV, any fraction of a dollar in the amount worked out must be disregarded. This section applies the same rule to an AUVRU.
5	Determination
For the purposes of section 9 (4) of the Act, I determine that—
(a)	FC or fixed charge is $1 145 per year; and
(b)	P or percentage rate is the amount per year listed in column 2 of table 1 opposite the base value listed in column 1.
Table 1	Percentage rates—land tax
column 1
base value	column 2
P or percentage rate per year	
less than or equal to $150 000	0.50% of the base value	
more than $150 000 but not more than $275 000	$750 plus 0.60% of the part of the base value that is more than $150 000	
more than $275 000 but not more than $2 000 000	$1 500 plus 1.08% of the part of the base value that is more than $275 000	
more than $2 000 000	$20 130 plus 1.10% of the part of the base value that is more than $2 000 000	
6	Revocation
This instrument revokes Taxation Administration (Land Tax) Determination 2016 (No 1) DI2016-143.
7	Transitional provision
DI2016-143 continues to apply for the period 1 July 2016 to 30 June 2017, inclusive. 
Andrew Barr MLA
Treasurer
20 June 2017