Applications for Land Tax Relief extended until 28 February 2022

The NSW Government has extended land tax relief applications until 28 February 2022 that is available for eligible commercial landowners who have reduced their tenants’ rent due to COVID-19, between 1 July 2021 and 31 December 2021. The reduction in land tax payable is the lesser of:

• the amount of rent reduction provided to an eligible tenant for any period between 1 July 2021 and 31 December 2021, or
• 100 per cent of the land tax attributable to the parcel of land leased to that tenant.

To be eligible for land tax relief, a landowner must be leasing to a commercial tenant who has a turnover up to $50 million and has been deemed eligible for NSW Government COVID-19 support grants.

The landowner must have reduced rent for the affected tenant for any period between 1 July 2021 and 31 December 2021, without any requirement for it to be paid back.

Applications for Land Tax Relief can be submitted at https://www.service.nsw.gov.au/transaction/apply-covid-19-land-tax-relief

For more information, visit Commercial leases and COVID-19 FAQs https://www.smallbusiness.nsw.gov.au/get-help/covid-19/commercial-leases-and-covid-19-faqs