Land tax relief is currently available for eligible non-residential and residential landlords and eligible commercial owner-occupiers in response to COVID-19.
If you own property subject to land tax and have;
- provided rent relief to your tenants due to COVID-19 (waivers only – a deferral of rent is not considered relief), or
- lost a tenant since 30 March 2020 and been unable to find a new tenant due to COVID-19, or
- you are an owner-occupier of commercial property and are receiving the Jobkeeper payment for your business from 31 October 2020 onwards.
You may be eligible to apply for a land tax reduction of your 2019/20 liability of up to 25% per eligible period. There are two eligible periods which run from 30 March 2020 to 30 October 2020 and 31 October 2020 to 30 April 2021.
Applications for land tax relief will close on 30 April 2021. Full details of the relief measures can be found on the RevenueSA website: https://www.revenuesa.sa.gov.au/taxes-and-duties/land-tax/covid-19-relief#Landlords
If any of the above circumstances apply to you, please get in touch with us to discuss potential land tax relief measures available to you.