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Coronavirus land tax relief

You may be eligible for one or more of the following land tax relief measures:

  • a 3-month deferral of land tax liabilities for the 2020-21 assessment year
  • a land tax rebate reducing land tax liabilities by 25% for eligible properties for the 2019-20 assessment year
  • a waiver of the 2% land tax foreign surcharge for foreign entities for the 2019-20 assessment year.

Deferral

Your land tax liability will be deferred for 3 months.

For example, if last year’s assessment notice was dated 1 November 2019 and you are liable for land tax again this year, we will not issue your 2020–21 notice before 1 February 2021.

You do not need to apply for the deferral.

Land tax rebate

You can apply for the land tax rebate up to 31 October 2020.

The rebate:

  • does not apply to owner-occupied land
  • is only available if you owned an eligible property at 30 June 2019 and were liable for land tax in relation to the property
  • does not need to be repaid if the eligibility conditions are met.

Eligibility for the rebate

You may be eligible for the land tax rebate if at least one of the following circumstances applies to you.

  • You are a landowner who leases all or part of a property to one or more tenants and all the following apply.
    • The ability of one or more tenants to pay their normal rent is affected by coronavirus (COVID-19).
    • You will provide rent relief to the affected tenant(s) of an amount at least commensurate with the rebate.
    • You will comply with the leasing principles even if the relevant lease is not regulated.
  • You are a landowner and all the following apply.
    • All or part of your property is available and marketed for lease.
    • Your ability to secure tenants has been affected by COVID-19.
    • You require relief to meet your financial obligations.
    • You will comply with the leasing principles even if the relevant lease is not regulated.

If you are eligible under both circumstances, it is expected you will apply the rebate firstly to provide rent relief to your residential or commercial tenants. You can then apply any remaining rebate to your own financial obligations (e.g. in relation to debt and other expenses).

The rebate will only apply to each property that meets the above requirements and conditions; it does not necessarily apply to all your landholdings.

Where there are multiple tenants for a single property, including mixed-use developments, if the eligibility requirements and conditions are met for at least one tenancy, then the whole property is eligible for the land tax rebate.

How to apply

To apply for the rebate you need to complete the form in OSR Online. (See how to create an account.)

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Waiver

The waiver of the land tax foreign surcharge:

  • does not apply to owner-occupied land
  • is only available if you owned an eligible property at 30 June 2019 and were liable for land tax in relation to the property.

Contact us if you have not yet received a reassessment notice that includes the waiver.

More information