Under the Will of the Testator, a beneficiary was granted a life interest. What happens to the land tax liability in respect of that land?
If a life interest is granted to a beneficiary under the will, that beneficiary will be the deemed owner of the land. The land will be aggregated with his/her other land holdings for the calculation of his/her land tax liability. If it is used by that beneficiary as his/her PPR, then the land may be exempt for land tax purposes if the PPR exemption requirements are met.
