We are living in unprecedented times due to COVID-19 global pandemic. NSW Government has introduced measures to provide land tax relief to commercial and residential landowners, who provide a reduction in rent to a tenant who is experiencing financial distress as a result of COVID-19.
The 2020 Land Tax COVID-19 Relief is intended to reduce a landownerâs land tax payable for 2020, by up to 25 per cent, for a taxable parcel of land where rent relief has been given to the tenant who occupies that land. Landowners eligible for the reduction may also defer their land tax payments by up to three months.
Land tax customers are now able to seamlessly submit their claims online via Service NSW. Once determined by Revenue NSW, a concession will be applied to any unpaid 2020 land tax notices, and refunds will be issued for payments already made this year.
Visit Service NSW and apply for land tax relief now.