Land Tax Management Act 1956 No 26
25 Equitable owner
(1) The owner of any equitable estate or interest in land is liable in
respect of land tax as if he or she were the legal owner of the estate or
interest and land tax is to be assessed
(2) For that purpose:
(a) the owner of the legal estate is taken to be the primary taxpayer
and the owner of the equitable estate is taken to be the secondary taxpayer,
(b) there is to be deducted from the land tax payable by the secondary
taxpayer in respect of the land such amount (if any) as is necessary to
prevent double taxation.
(3) This section does not apply in respect of land that is subject to
a special trust.
(4) This section is subject to the other provisions of this Act, in
particular sections 25A and 26.