Document ID: chunk:federal_register_of_legislation:C2024A00138:clause:1_11:p4
Version: federal_register_of_legislation:C2024A00138
Segment Type: clause
Provision Reference: sch 1 cl 11 (pt 4/4)
Character Range: 29350–31107

is the Step 4 amount multiplied by 1.08.

Subdivision 44‑C—When tax is payable

Guide to Subdivision 44‑C

44‑35  What this Subdivision is about
      This Subdivision has rules about payment of build to rent development misuse tax.

Table of sections
44‑40 When tax is payable—original assessments
44‑45 When tax is payable—amended assessments
44‑50 General interest charge

44‑40  When tax is payable—original assessments
  Your *assessed build to rent development misuse tax is due and payable at the end of 21 days after the Commissioner gives you notice of the assessment of the amount of the *build to rent development misuse tax.
Note: For assessments of build to rent development misuse tax, see Division 155 in Schedule 1 to the Taxation Administration Act 1953.

44‑45  When tax is payable—amended assessments
  If the Commissioner amends your assessment, any extra *assessed build to rent development misuse tax resulting from the amendment is due and payable 21 days after the day the Commissioner gives you notice of the amended assessment.

44‑50  General interest charge
  If an amount of *assessed build to rent development misuse tax that you are liable to pay remains unpaid after the time by which it is due to be paid, you are liable to pay the *general interest charge on the unpaid amount for each day in the period that:
 (a) begins on the day on which the amount was due to be paid; and
 (b) ends on the last day on which, at the end of the day, any of the following remains unpaid:
 (i) the assessed build to rent development misuse tax;
 (ii) general interest charge on any of the assessed build to rent development misuse tax.
Note: The general interest charge is worked out under Part IIA of the Taxation Administration Act 1953.