Australian Capital Territory
Taxation Administration (Amounts Payable—Land Tax) Determination 2018 (No 1)
Disallowable instrument DI2018–179
made under the  
Taxation Administration Act 1999, s 139 (Determination of amounts payable under tax laws)

Part 1	Preliminary

1	Name of instrument
This instrument is the Taxation Administration (Amounts Payable—Land Tax) Determination 2018 (No 1).
2	Commencement 
This instrument commences on 1 July 2018. 
3	Definitions
In this instrument:
Act means the Land Tax Act 2004.
AUV—see the Act, section 9 (4).
AUVRU—
(a)	for land tax—see the Act, section 27 (7); and
(b)	for the foreign ownership surcharge—see the Act, section 17E (4).
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.
year means a financial year.
4	Working out amount payable for quarter
(1)	I determine that a determined amount payable for a quarter is worked out as follows:

Example—working out amount payable for quarter
This instrument determines FC of $1 203 for the purposes of section 9 (4) of the Act. The quarter beginning 1 July 2018 has 92 days. The relevant financial year has 365 days. The determined FC for the quarter is $1 203 ×  = $303.22.
	Note	An example is part of the instrument, is not exhaustive and may extend, but does not limit, the meaning of the provision in which it appears (see Legislation Act, s 126 and s 132).
(2)	In this section:
days in quarter means the number of days in the quarter.
	days in year means the number of days in the year in which the quarter falls.
determined amount includes—
(a)	FC (or fixed charge) and P (or percentage rate) determined under section 6 for the purposes of section 9 (4) of the Act; and
(b)	P (or percentage rate) determined under section 7 for the purposes of section 17E (4) of the Act.
5	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.
Part 2	Land tax—Act, s 9 (4)
6	Determination—land tax
(1)	For the purposes of section 9 (4) of the Act, I determine that—
(a)	FC (or fixed charge) is $1 203; and
(b)	P (or percentage rate) is the amount 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	
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	
Part 4	Foreign ownership surcharge—Act, s 17E (4)
7	Determination—foreign ownership surcharge
	For the purposes of section 17E (4) of the Act, I determine that P (or percentage rate) is 0.75% of the base value.
Part 5	Miscellaneous
8	Revocation
This instrument revokes Taxation Administration (Amounts Payable—Land Tax) Determination 2017 (No 1) DI2017-141.
9	Transitional provision
DI2017-141 continues to apply for the period 1 July 2017 to 30 June 2018, inclusive. 
Andrew Barr MLA
Treasurer
19 June 2018