Gibson & Partners - $1000 Rent Relief Grant & 25% Land Tax Relief
$1000 Rent Relief
South Australian residential tenants who, as a result of Covid–19, are suffering financial hardship may now be eligible for rent relief up to $1,000 to be passed on to their landlords.
The tenant and landlord must first demonstrate that a revised rental agreement has been negotiated since 30 March 2020.
Furthermore, tenants who have been eligible for both Jobkeeper or Jobseeker payments, have less than $5,000 in savings, and pay more than 30% of their income in rent will be eligible to apply.
To register interest and for a summary and guide on eligibility, please click here.
Those wishing to participate must enrol prior to 30 September 2020.
25% Land Tax Relief
The South Australian Government has announced land tax relief for both residential and non-residential landlords who have provided tenants impacted by Covid-19 with rent relief.
Residential and non-residential landlords may be eligible for a 25% reduction on the land tax payable on a parcel of land in 2019-20 if, as a result of Covid-19,
- Have been unable to secure a tenant
- The land was leased to 30 March 2020 but has since been vacant
- Can demonstrate that rent relief has or will be provided to affected tenants between 30 March 2020 and 30 October 2020. (A deferral of rent is not considered rent relief.)
For a summary of Land Tax Relief for both Residential and Non-Residential land and guide on eligibility, please click here.
Those wishing to participate must enrol prior to 31 July 2020.
Please contact us if you wish to discuss your situation.
The Team at Gibson & Partners
246 Brighton Road
SOMERTON PARK SA 5044
Ph: 08 8376 0555
Fax: 08 8376 0559
Important: Liability limited by a scheme approved under Professional Standards Legislation. This is not advice.
General advice warning
The information contained in this document is general advice, which means that it has been prepared without taking into account your personal objectives, financial situation or needs. Because of that, you should consider the appropriateness of the advice, having regard to your personal objectives, financial situation and needs. If this document includes general advice about the acquisition or possible acquisition of a financial product, you should obtain and read the Product Disclosure Statement which relates to the financial product before making a decision about whether to acquire the product.