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Land Tax (Amendment) Act, 2001 (No.11 of 2001).

Country/Territory
Belize
Document type
Legislation
Date
2001
Source
FAO, FAOLEX
Original source
Supplement to the Official Gazette of 2001, pp. 231-235.
Long title
An Act to amend the Land Tax act, Chapter 47 of the Laws of Belize, revised Edition 1980-1990, to provide for the imposition and collection of a speculation tax on large parcels of undeveloped land; to enable the Minister to appoint different dates for the revision of valuation rolls for different districts; to require certification from the Commissioner of Lands and Surveys for payment of land tax before transferring any land subject to tax; and to provide for matters connected therewith or incidental thereto.
Subject
Land & soil
Keyword
Agricultural land Land valuation Tax/levy Dispute settlement
Geographical area
Americas, Central America, Latin America and the Caribbean, Small Island Developing States
Abstract

In section 2 the definition of "base date" is added. A date base in relation to valuation roll for a district means the date when the revision of valuation roll for that district comes into force. Section 12 is amended so as to empower the Minister responsible for lands to appoint various base dates for purposes of enabling the Chief Valuer to revise valuation rolls as provided for in section 13. Section 18 is amended so as to provide for certificates, which shall be obtained prior to transactions involving lands, are to take place. Section 23A (new) concerns the taxation of agricultural land. Section 23 B requires a permission of the Minister for subdividing of land to which section 23 A applies.

Full text
English

References - Legislation

Amends

Land Tax Act, 1982.

Legislation | Belize | 1982 (2001)

Keyword: Agricultural land, Land valuation, Tax/levy, Dispute settlement

Source: FAO, FAOLEX