Land Tax Relief for Landlords, Tenants and Commercial Owner-Occupier Businesses

Dear Client 

Additional 25% Land Tax Relief

The South Australian Government announced further land tax relief for residential and non-residential landlords who have provided tenants impacted by Covid-19 with rent relief.

Residential and non-residential landlords now can receive a further 25% reduction on their 2019-20 land tax liability if as a result of Covid-19,

• They have been unable to secure a tenant in the relevant 

period 31 October 2020 to 30 April 2021

• Rent forgone from an untenanted property is equal to or 

greater than the value of land tax relief.

• They can demonstrate that rent relief has or will be provided to affected

tenants between 31 October 2020 and 30 April 2021.

A deferral of rent is not considered rent relief.

This relief also extends to commercial owner-occupier businesses who own the land in which they operate. The business will receive 2019-20 land tax liability relief of 25% provided they are eligible for the Federal Government's Jobkeeper 2.0 payment from 31 October 2020, and have annual turnover less than $50 million.

An application form and information summary of Land Tax Relief for both Residential and Non-Residential land and owner-occupier businesses will be released in the coming weeks.

Please contact us at any time to discuss

The Team at Gibson & Partners 

 

246 Brighton Road
SOMERTON PARK SA 5044
Ph: 08 8376 0555
Fax: 08 8376 0559
www.gibsonpartners.com.au

Important: Liability limited by a scheme approved under Professional Standards Legislation. This is not advice.

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