News

April 19, 2020

Land Tax Relief - COVID-19

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, however, for commercial landlords to be eligible, the property must be rented to a tenant with an annual turnover of up to $50 million, and the tenant must be eligible for the Commonwealth Government’s JobKeeper Payment.

Read more about the land tax announcement.

Read about all tax relief measures in the Economic Survival Package.

Businesses across the state can access information on dealing with COVID-19 by calling the Business Victoria hotline on 13 22 15.

Australian Government measures

The Australian Government has also announced an economic response to COVID-19, including initiatives to assist individuals and householdsbusinesses, and to support the flow of credit.