COVID-19 (NSW): Guidelines on land tax relief

Revenue NSW has released guidelines on applying for the 2020 land tax COVID-19 relief program. Commercial and residential landowners who provide a reduction in rent to a tenant facing financial distress may be eligible for a land tax reduction. Landowners are responsible for verifying that a tenant is in financial distress, having experienced a reduction of at least 30 per cent in turnover for commercial tenants or a reduction of 25 per cent in household income for residential tenants as a result of COVID-19.

From CAP TAX News – 04 June 2020 / Edition 21