NSW Government Announcement: 2020 Land Tax COVID-19 Relief
The NSW Government has implemented measures to provide relief to commercial and residential landowners, who have chosen to reduce rent to a tenant due to the tenant experiencing financial hardship as a result of COVID-19.
With the introduction of the 2020 land tax COVID-19 relief put in place yesterday, the 12th of May, the NSW Government aims to decrease a landowner’s land tax payable for 2020, by up to 25 per cent, for a taxable portion of land (both commercial and residential), where reduced rent relief has been given to the tenant who currently occupies that land.
The Government has also stated that landowners who are eligible for the reduction can also defer their land tax payments by up to three months.
Reduction in land tax payable for the 2020 land tax year is subject to the terms of guidelines set out by the NSW Government. To assess if you will be eligible for this reduction please click the button below to access the terms of the guidelines.
How to Apply
Applications for the 2020 land tax COVID-19 relief can be made via the Service NSW website. Click the button below to access the application form.