Hi Susan,
It depends on the details.
Scenario 1 – lots have been amalgamated and a new lot and plan created resulting in the new value: if this is the case then it would depend on whether your Council is rating from date of registration of the plan, the qtr following the registration of the plan or the next financial year.
Scenario 2 – the valuations have been amalgamated as a result of an objection under s35B: check the SIX portal and confirm both base dates were objected to and if so the change would be effective from 1 July 2014. If the objection was only on the 2016 base date then the change is effective 1 July 2017.
Scenario 3 – the valuations have been amalgamated because LPI decided it was more appropriate (ie. no objection) and they have adjusted under s14A(6), then the change is retrospective and effective 1 July 2014.
Scenario 4 – the valuations have been amalgamated because LPI decided it was more appropriate (ie. no objection) and they have adjusted under s14A(2), then the change is not retrospective and is only effective 1 July 2017.
NB. Scenario 3 assumes no land subdivisions occurred on the parcels since 1 July 2014.
Feel free to call if there are details I have not accounted for or this is not clear. Also to note, losses under s35B can be claimed back in future years using the workpapers for SS8 but losses under s14A(6) cannot.
Suzi
