Absentee Landowners Levy Act 1976.
An Act to impose a levy on absentee landowners, and for other purposes.
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LEX-FAOC098535
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13
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This Act provides for the imposition of an annual levy on land owned by an absentee (as defined by this Act. The levy shall be charged on the unimproved value of the land, i.e. the capital sum that might be expected to be offered for the fee simple with vacant possession of the land at a bona fide sale on such reasonable terms and conditions as a bona fide seller would require, it being assumed that no improvements had been made on or to the parcel of land. The Act allows for objections to be lodged against assessment of value.
Amended by: Absentee Landowners Levy (Amendment No. 2) Act 2014 (No. 6 of 2014) (2014-04-24)
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