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.
Cadet Accountant
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