Income Tax Assessment Regulations 1997 (Repealed)

PART 2 - LIABILITY RULES OF GENERAL APPLICATION  

Division 31 - Conservation covenants  

REGULATION 31-15.09   VALUATION CERTIFICATES  

31-15.09(1)    
If the Commissioner completes a valuation, the Commissioner must give a valuation certificate to the applicant for the valuation.

31-15.09(2)    
The Commissioner must approve, in writing, 1 or more forms of a certificate.

31-15.09(3)    
The certificate must include the following information:


(a) the date on which the valuation was completed;


(b) a description of the land (including a lot and plan number, title reference and the location of the land);


(c) a statement of the market value of the land immediately before the conservation covenant was entered into;


(d) a statement of the market value of the land immediately after the conservation covenant was entered into;


(e) a statement of the difference between the market value mentioned in paragraph (c) and the market value mentioned in paragraph (d);


(f) a statement of the extent to which the difference mentioned in paragraph (e) is attributable to the conservation covenant being entered into.

31-15.09(4)    
The certificate may include other information.

31-15.09(5)    
The Commissioner must not give a valuation certificate to the applicant until:


(a) the valuation has been completed; and


(b) the Commissioner has received the full amount of the fees payable for the valuation.





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