Investment Property Owners – Do you need Land Tax Relief?

The Victorian Government has announced land tax relief for eligible owners of land, including landlords who have provided rent relief to tenants impacted by the coronavirus (COVID-19) pandemic as part of the Government’s Support to Landlords and Tenants package.

Landlords who provide tenants impacted by the coronavirus pandemic with rent relief, and those unable to secure a tenant because of the pandemic, may be eligible for a 25% or 50% reduction on the property’s 2020 land tax.

Owner-occupiers of commercial properties may also be eligible for a 25% reduction on the property’s 2020 land tax. Eligible applicants can also defer payment of their remaining 2020 land tax up to 31 March 2021.

Click here to learn more and to find out if you’re eligible.