Land Betterment Charge (Table of Rates and Valuation Method) Regulations 2022
Table of Contents
Enacting Formula
Part 1 PRELIMINARY
1 Citation and commencement
2 Definitions
Part 2 TAX RATE
3 Prescribed percentage of increase in value of any land
Part 3 TABLE OF RATES METHOD
Division 1 General
4 Application of Part
5 Working out pre-chargeable valuation: general
6 Working out post-chargeable valuation: general
7 Purpose not within any Use Group
Division 2 Special provisions
8 Special provision for residential developments
9 Special provision for development involving single dwelling‑house
10 Special provision for Use Groups F, G and H
11 Multiple purposes
12 Special provision where partial change of use or addition or alteration work with increase in floor area
13 Disregarded hotel development in determining pre-chargeable valuation
Division 3 Discounting
14 Discounting for temporary written permission
15 Discounting for leasehold land
16 No double discounting
Part 4 VALUATION METHOD
17 Application of Part
18 Election to use Valuation method instead of Table of Rates method
Part 5 GENERAL PROVISIONS
19 Requirements for determination of land betterment charge
FIRST SCHEDULE Use groups
SECOND SCHEDULE Table of rates per square metre and plans
THIRD SCHEDULE Fixed rates and plans for residential developments
FOURTH SCHEDULE Multiple purposes
FIFTH SCHEDULE Hotel developments disregarded for pre-chargeable valuation
SIXTH SCHEDULE discounting for temporary written permission
SEVENTH SCHEDULE discounting for leasehold land