Land owned by corporations which are considered to be related will be grouped together and assessed as though it was all owned by one owner.

Corporations are considered to be related for land tax purposes when:

• control is exercised by a corporation over another/other corporations;
• control is exercised by the same person(s) over 2 or more corporations;
• control is exercised jointly by a corporation and its shareholders, who between them own more than 50% of issued share capital, over another corporation;
• a corporation owns more than 50% of the beneficial interests/units in land subject to a fixed trust/unit trust; or
• where 2 corporations are related, a third corporation will be grouped if it is related to at least one of them.

You can find out more about how related corporations are treated for land tax on the Related Corporations page.