Land Tax Form - Newly Constructed or Refurbished Residence

An exemption from land tax may apply for up to two consecutive assessment years for a property that has taken two or more years for construction or refurbishment to be completed if

• construction or refurbishment is carried out in the first assessment year and
• construction or refurbishment is completed in the second assessment year and
• the owner occupies the property as their primary residence in the second assessment year and
• no income was derived from the property between the beginning of the first assessment year and the time the property is occupied as the owner’s primary residence and
• the owner does not own any other private residential property that is exempt from land tax as their primary residence.

See the Land Tax - Private Residences fact sheet.