Last updated 12 January 2007
The following table provides reference points for the assessment rules of certain types of company title properties.
More ? [2]
If the principal home [3] owned by a private company, in which the person is... |
And there is... |
Then follow the assessment rules contained in ... |
a shareholder, |
a formal agreement giving the person reasonable security of tenure, |
Homeowner's Basic Assessment Rules. More ? [4] |
a shareholder, |
no formal agreement or the agreement doesn't give the person reasonable security of tenure, |
Non-Homeowner's Basic Assessment Rules. More ? [5]
Note: The value of any right or interest in this property is assessable. |
not a shareholder, |
Non-Homeowner's Basic Assessment Rules. More ? [6] |
The principal home has the meaning given by subsection 5LA(1) [14] of the VEA and subsection 5LA(2) [14] of the VEA. The principal home of a person is generally the place in which they reside. In certain circumstances, however, the principal home of a person can be the place in which they formerly resided. The following property is regarded as part of the principal home.
Links
[1] https://clik.dva.gov.au/user/login?destination=node/15990%23comment-form
[2] https://clik.dva.gov.au/book/export/html/15990#tgt-cspol_part9_ftn165
[3] https://clik.dva.gov.au/%23
[4] https://clik.dva.gov.au/book/export/html/15990#tgt-cspol_part9_ftn166
[5] https://clik.dva.gov.au/book/export/html/15990#tgt-cspol_part9_ftn167
[6] https://clik.dva.gov.au/book/export/html/15990#tgt-cspol_part9_ftn168
[7] https://clik.dva.gov.au/compensation-and-support-policy-library/part-9-principles-determining-pension-rate/92-residential-situation/922-basic-principles-assessment/principal-home
[8] https://clik.dva.gov.au/book/export/html/15990#ref-cspol_part9_ftn165
[9] https://clik.dva.gov.au/compensation-and-support-policy-library/part-9-principles-determining-pension-rate/92-residential-situation/922-basic-principles-assessment/homeowners-basic-assessment-rules
[10] https://clik.dva.gov.au/book/export/html/15990#ref-cspol_part9_ftn166
[11] https://clik.dva.gov.au/compensation-and-support-policy-library/part-9-principles-determining-pension-rate/92-residential-situation/922-basic-principles-assessment/non-homeowners-basic-assessment-rules
[12] https://clik.dva.gov.au/book/export/html/15990#ref-cspol_part9_ftn167
[13] https://clik.dva.gov.au/book/export/html/15990#ref-cspol_part9_ftn168
[14] http://clik.dva.gov.au/legislation-library