|
This precedent letter is used to send a section 47 land tax certificate, for land tax to be cleared. Under section 47 of the Land Tax Management Act 1956 (NSW), land tax is paid on land owned in New South Wales (except exempt land). |
This letter is used to attach a section 47 land tax certificate, which shows an amount on account of land tax to be cleared to the vendor’s representative. This is done so that the vendor’s representative may provide a clear land tax certificate to the purchaser’s representative on completion.
This precedent has been authored for LexisNexis by Daniela Terruso, Director, Intelmar.