Western Australian Consolidated Acts Western Australian Consolidated Acts (1) Land (except land
in a non-rural zone) is exempt for an assessment year if, at midnight on
30 June in the previous financial year, it is or was used solely or
principally on a commercial basis to produce income to the user from the sale
of produce or stock in the course of carrying out one or more of the following
kinds of rural business —
(a) an
agricultural business, silvicultural business or reafforestation business;
(b) a
grazing business, horse-breeding business, horticultural business,
viticultural business, apicultural business, pig-raising business or poultry
farming business.
(2) However, land used
as holding paddocks for stock is not exempt unless it is used in the course of
carrying out a rural business.
(3) Land in a
non-rural zone that is used by the owner of the land for a rural business or
rural businesses is exempt from land tax for an assessment year if more than
one third of the owner’s total net income for the previous financial
year was derived from the owner’s carrying out a business or businesses
of that kind in the State.
(4) However, even if
subsection (3) does not apply to land in a non-rural zone used for a
silvicultural business or reafforestation business or both, the land is exempt
for an assessment year if —
(a) it
is at least 100 hectares in area; and
(b) at
midnight on 30 June in the previous financial year it is fully stocked
for the purposes of the business or businesses.
[Section 29 amended by No. 66 of 2003
s. 109.]