COVID-19: Find information and support for business on our coronavirus page. If your business is based in Victoria, you can find information about business restrictions on Business Victoria’s website.
×

COVID-19 (Coronavirus) and Land Tax NSW


Land tax relief for commercial landlords to help them manage their rental properties during the COVID-19 outbreak.

Open

What do you get?

Reduction of up to 25% of the land tax payable on a parcel of land in the 2020 land tax year.

Who is this for?

New South Wales commercial landlords.

Overview

Commercial landlords may receive a reduction of up to 25% of the land tax payable on a parcel of land in the 2020 tax year when:

  • their land is used for business purposes
  • they’re leasing property on that parcel to a business tenant with an annual turnover of up to $50 million - who can demonstrate financial distress resulting from the COVID-19 outbreak
  • they reduce the rent of the affected tenant by at least as much as the tax reduction
  • the land tax is directly related to the property for which rent has been reduced

A tenant is considered to be in financial distress if they have experienced a 30% drop in revenue as a result of COVID-19.

What are the eligibility criteria?

To be eligible, you must have:

  • a land tax liability in 2020
  • a tenant that is suffering from financial distress as a result of COVID-19
  • reduced the rent of the affected tenant by at least as much as the tax reduction

How do you apply?

You can find out more about eligibility and how to apply at COVID-19 (Coronavirus) and Land Tax.

Contact information