Land tax relief for COVID-19 affected Queensland commercial landlords

Land-tax-relief-for-COVID-19-affected-Queensland-commercial-landlords-1

Queensland commercial landlords may apply for one or more of the following land tax relief measures:

  • a land tax rebate reducing land tax liabilities by 25% for eligible properties for the 2019-20 assessment year
  • a waiver of the 2% land tax foreign surcharge for foreign entities for the 2019-20 assessment year
  • a 3 month deferral of land tax liabilities for the 2020-21 assessment year

 

You may be eligible for the land tax rebate if:

  • you are a landowner who leases all or part of a property to one or more tenants and all of the following apply:
    • the ability of one or more tenants to pay their normal rent is affected by the coronavirus (COVID-19) pandemic
    • you will provide rent relief to the affected tenant(s) of an amount at least commensurate with the land tax rebate
    • you will comply with the leasing principleseven if the relevant lease is not regulated
  • you are a landowner and all of the following apply:
    • all or part of your property is available and marketed for lease
    • your ability to secure tenants has been affected by the COVID-19 pandemic
    • you require relief to meet your financial obligations
    • you will comply with the leasing principleseven if the relevant lease is not regulated

 

Find more information here.