This article is issued as a timely reminder to Landlords who intend to seek COVID-19 land tax relief for the 2020 land tax year. Applications for relief in New South Wales and Victoria must be lodged prior to 31 March 2021.
In this update, we summarise the application process, eligibility criteria and evidentiary requirements for such relief in New South Wales and Victoria.
In New South Wales land tax relief is available by way of concessions for two periods in the 2020 land tax year. The first round of concessions apply to the six month period from April to September 2020, and a further round applies during a three month period from October to December 2020 (known as the ‘Concession Periods’).
Applications are lodged online via the Service NSW portal by Landlords who, in 2020:
All applications in New South Wales must include:
Where eligible Landlords meet the above criteria and evidentiary requirements, the concession offered to the Landlord will be the lesser of the amount of rent waiver provided in the Concession Periods or 25% of the land tax attributable to that parcel of land. Refunds will be issued for payments already made this year.
In Victoria, applications to the State Revenue Office are lodged online by Landlords who, in 2020:
Applications may also be submitted by Landlords who had executed lease agreements in place for March 2020, but the tenant could not fulfil those obligations and it resulted in the property being vacant for at least three months (continuously).
All applications in Victoria must include:
Where eligible Landlords meet the above criteria and evidentiary requirements, land tax relief of up to 50% may be available to the Landlord. Landlords may also seek a deferment of the remaining land tax liability until 31 March 2021.
2021 Land Tax Relief Applications
Applications for 2021 land tax relief close for New South Wales landlords on 30 April 2021, and Victorian landlords on 30 June 2021.
Please contact our team if you require any assistance with your application or require further advice on anything discussed above.
For details of all our COVID-19 tips and updates, visit the Gadens COVID-19 Hub.
Archie Smith, Partner
Janine Santamaria, Senior Associate
Elise Holland, Associate