Revenue NSW has extended the due date for land tax Covid-19 relief applications until 31 May 2021.
For 2020 the extension applies the land tax Covid-19 relief that provides a reduction of up to 50% on the land tax payable for 2020 on the relevant parcel of land to eligible commercial and residential landowners that provided a rent reduction to a tenant experience financial distress as a result of Covid19.
For 2021, the extension applies to the land tax Covid-19 relief that provides a reduction of up to 25% on the land tax payable for 2021 on the relevant parcel of land to eligible landowners with commercial leases in 2021 that provide a rent reduction to a retail tenant experiencing financial distress as a result of Covid-19.
For further information on the available land tax support and applications available, please refer to the Revenue NSW website.
The information contained on this website and in this article is general in nature and does not take into account your personal situation. You should consider whether the information is appropriate to your needs, and where appropriate, seek professional advice from a financial adviser. Taxation, legal and other matters referred to on this website and in this article are of a general nature only and are based on our interpretation of laws existing at the time and should not be relied upon in place of appropriate professional advice. Those laws may change from time to time.
Client Portal
View Comments