COVID-19 land tax relief – if you are a land owner, you may be eligible

In 2020, the Queensland government introduced a number of land tax relief measures in response to the impacts of COVID-19. These measures have been extended for the 2020-2021 assessment year.
If you are a land owner, you may be eligible for one or more of the following land tax relief measures:
The issuing of assessment notices for 2020–21 were delayed, which means land tax liability has been deferred for 3 months.
For example, if your 2019–20 assessment notice was dated 1 November 2019 and you are liable for land tax again this year, your 2020–21 notice will not be issued before 1 February 2021.
You do not need to apply for the deferral.
You can apply for a land tax rebate to reduce your liability by 25% for eligible properties for the 2020–21 assessment year.
The rebate:
Note: If you applied for the rebate in the 2019–20 year, you will need to reapply.
You may be eligible for the land tax rebate if at least one of the following circumstances applies to you:
You are a land owner who leases all or part of a property to one or more tenants and all the following apply:
You are a land owner and all the following apply:
If you are eligible under both circumstances, you need to 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.
If you received the 2019–20 rebate, you may also be eligible for the 2020–21 rebate. Â
To apply for a rebate, follow the steps at OSR Online and follow the simple steps.Â
Applications close 26 February 2021.
If you have any questions with regards to COVID-19 land tax relief or require assistance to determine your eligibility, please do not hesitate to contact our office and speak with one of our Accountants. Â
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