(1) In this Division:
eligible senior—see section 87S.
home means a building (affixed to land) that:(a) may lawfully be used as a place of residence, and(b) is, in the Chief Commissioner’s opinion, a suitable building for use as a place of residence.
new home—see section 87K.
new home purchase—see section 87M.
off the plan purchase—see section 87M.
spouse has the same meaning in relation to the scheme as it has under section 71 (4) and (5) in relation to the First Home—New Home scheme.
vacant land purchase—see section 87M.(2) For the purposes of this Division, a person disposes of a home if the person ceases to be the owner of the home.(3) For the purposes of this Division, a person is the owner of a home if the person is the owner (within the meaning of the Land Tax Management Act 1956) of land that is the site of the home.(4) For the purposes of this Division, an off the plan purchase replaces another off the plan purchase only if the agreements concerned relate to substantially the same property and have the same purchaser or purchasers.