Land Tax Act Article 39-3

To apply for non-taxable status of land value increment tax in accordance with Paragraph 1 of the preceding article, the right holder and obligor must indicate "agricultural land" on the Land Value Declaration Form at the time of declaring the present value of the land transfer. If this indication is not made, a supplementary application may be made before the expiration of the land value increment tax payment period. Applications submitted after this period will not be considered. However, if the present value of the land transfer can be declared solely by the right holder as per the regulations, the right holder may independently submit the application.For the transfer of agricultural land, where the declaration of the present value of the land transfer is not required, the competent tax authority shall notify both the right holder and the obligor. If the present value of the land transfer is to be declared solely by the right holder, the obligor shall be notified. If the conditions for exemption from the land value increment tax under Paragraph 1 of the preceding article are met, the right holder or obligor must submit the application within thirty days from the day following receipt of the notification. Applications submitted after this period will not be considered for exemption from the land value increment tax.