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 beginning of a new financial year is quickly approaching. What will you do differently this year to enable your business to thrive? Here are a few ideas to inspire your business planning for a positive start to the year!