Principal place of residence exemption/deduction
Resident land owners (individuals) and trustees of trusts may be eligible for a principal place of residence (PPR) exemption/deduction.
A full or partial PPR exemption/deduction may apply where land is used as a PPR and for another purpose.
More information is available in Practice Directions Land Tax:
- 3.4 Principal Place Of Residence Deduction - Trustees,
- 9.2 Principal Place Od Residence Deduction - House Demolished Or Vacant Due To Renovations,
- 11.2 When Land Is Used As A Principal Place Of Residence, and
- 17.1 The Land Tax Concession For A Principal Place Of Residence.
