Join Now

Conservation Agreement + Pensions

Viewing 3 posts - 1 through 3 (of 3 total)
  • Author
    Posts
  • July 26, 2021 at 12:05 pm #21257
    Danielle Dwyer
    Participant

      Bega Valley

      Hi Guys,

      Hoping someone could advise how they treat VCAs with pensions especially once you make the VCA adjustment and apply the pension and it pushes the assessment into credit. This is the first time it has happened for us and giving a refund seems crazy.

      Many Thanks,

      Dani

      July 27, 2021 at 8:23 am #21259
      Ian Clayton
      Participant

        Mid-Western Regional

        Hi Dani,

        We have 1 VCA who’s a pensioner here at MWRC. Sec 575 sets the pension rebate at half the rate or charge, to a maximum of $250. I think the rates need to be calculated first, including the non-rateable apportionment for the VCA, before the rebate is applied.

        In our case, the rates for the land are approx. $100 after taking into account the non-rateable apportionment for the VCA. We then apply the 50% rebate of $50, leaving $50 payable.

        Thanks
        Ian

        July 27, 2021 at 8:35 pm #21265
        Lee Clarke
        Participant

          Tweed Shire

          Hi Dani
          Tweed have 2 or 3 conservation agreement properties with a pension rebate, we apply the rebate the same as MWRC above.
          Regards
          Lee

        • Author
          Posts
        Viewing 3 posts - 1 through 3 (of 3 total)
        • You must be logged in to reply to this topic.