The Victorian Government has announced land tax relief for landlords as part of its Economic Survival Package in response to COVID-19.
Landlords who provide tenants impacted by COVID-19 with rent relief may be eligible for a 25% reduction on the property’s 2020 land tax.
This relief is also available to land owners who are unable to secure a tenant because of COVID-19.
Landlords can also defer the remainder of their 2020 land tax to 31 March 2021.
This relief is available for residential and commercial properties,...
Landlord & tenant rent support —Victoria
The Age reported that the Victorian Government has announced a $500 million rent rescue package to support landlords and tenants. Under the package, $80 million has been set aside for tenants as direct rental payments and $420 million will be provided as land tax relief to landlords.
Residential Rent Relief Package
Date: 17 Apr 20
The REIV has been involved in private briefings with the Office of the Minister for Consumer Affairs and can share the information below. As always, the detail will need to be examined once the government passes the new laws which is anticipated to occur on Thursday 23 April. At this stage, the REIV has not seen the proposed legislation around residential rent-relief announced by the Andrews’ Government on 15 April 2020.