2004-05 Land tax assessment administrative arrangement
The arrangements are explained in the Land tax Practice Direction 14.1 - Administrative arrangement payment of interest on land tax refunded due to successful objection under the Valuation of Land Act 1944 against 2004 valuation, published on the Office of State Revenue Website.
If the taxpayer has paid the 2004-05 land tax assessment and the objection against the 2004 valuation is successful, and the land tax liability reduces as a result so that a refund of land tax is payable, an additional amount will be paid to the taxpayer on account of interest on the overpayment at the rate of 4.49% per annum.
