Land Tax Relief
Most States/territories have announced land tax relief measures to support landowners and tenants through the COVID-19 pandemic.
The relief package offers a waiver or reduction of land tax liability for eligible property owners and tenants who have experienced financial hardship due to COVID-19.
Victoria
- you may be eligible to defer your land tax notice;
- you may be eligible for 25% reduction on your 2020 land tax, and any remaining land tax may be able to be deferred until March 2021.
https://www.sro.vic.gov.au/coronavirus
NSW
- A reduction of up to 25% of the land tax payable on a parcel of land in the 2020 land tax year; and
- A three-month deferral for outstanding land tax payments if you have received a rebate or waiver.
https://www.revenue.nsw.gov.au/news-media-releases/covid-19-tax-relief-measures
Queensland
- A land tax reduction decreasing land tax liabilities by 25% per cent for eligible properties for the 2019-20 assessment year.
- A waiver for land tax surcharge for foreign entities for the 2019-20 assessment year; and
- A three-month deferral of land tax liabilities for the 2020-21 assessment year.
https://www.qld.gov.au/environment/land/tax/covid-19
South Australia
- You have option to defer payment of your third and fourth quarter instalments for up to six months, if you pay your land tax quarterly.
https://www.revenuesa.sa.gov.au/grants-and-concessions/covid19-relief
Tasmania
- Land tax waiver for commercial property for the 2020-21 financial year
https://www.sro.tas.gov.au/about-us/covid-19
WA
- Landlords or tenant have option to apply for an extension of time to pay land tax or pay land tax by instalments.
https://www.wa.gov.au/organisation/department-of-finance/covid-19-state-revenue-measures
ACT
- You may be eligible for a land tax credit to cover 50% of the rental reduction, up to a limit of $1,300 per quarter.
https://www.revenue.act.gov.au/covid-19-assistance
If you are a property owner, you should visit the relevant State or Territory websites for more information and to get help to determine if you or your property is eligible for the land tax relief .