(1) In this section -
'lease' has the same meaning as it has in the Capital Gains Tax Acts;
'relevant contract' means a lease, other than a lease or an agreement for lease referred to in section 653Z(1)(c), which -
(a) is evidenced in writing,
(b) was entered into prior to 1 January 2022, and
(c) it is reasonable to consider precludes the owner of the relevant site from carrying out development on or to the site, or part thereof.
(2) Subject to subsections (3) and (5), on the making of a claim by the liable person, so much of any residential zoned land tax arising in relation to a relevant site which is subject to a relevant contract (or where only part of the site is subject to a relevant contract, that part of the relevant site), shall, for the period of that relevant contract, notwithstanding section 653Q(2), not be due and payable.
(3) Where a claim is made in accordance with subsection (2) in respect of part only of a relevant site, the amount of tax due and payable in respect of
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