COVID-19 Land Tax Relief

Posted 7 Jul '20

COVID-19 Land Tax Relief

By Kimberley Butler

Are you eligible to apply?

The NSW Government have announced that landlords who have reduced their tenants rent due to Covid-19 may be eligible for land tax relief.

Landlords who have reduced the rent of commercial and residential tenants affected by Covid-19 between 1 April 2020 and 30 September 2020 and do not require the rent to be paid back may be eligible.

The relief includes a reduction of up to 25% of the land tax payable for the 2020 land tax year and deferral of payments by up to 3 months.

Further details including how to apply can be found here.

Kimberley Butler

Cadet Accountant

Recent Posts

The NSW Government has announced changes to stamp duty for first home buyers. The aim is to lower the up-front costs that are a barrier for many first home buyers entering the property market.

With the popularity of this non-traditional currency on the rise, its important to understand that there are tax obligations associated with acquiring or disposing of cryptocurrency.