Money
Land Tax Relief (Corona Virus 2020 – COVID-19)
The Victorian Government and State Revenue Office (SRO) of Victoria has recently announce a “land tax relief” reduction of up to 25% and deferral in payment due date. To read the full guidelines please open the link here, or watch the video here. Alternatively a summary is as below.
Oceantralian Summary
25% reduction in land tax.
Payment defer up to 31st of March 2021 for their 2020 land tax assessment.
Eligibility
If property is tenant:
- Tenant’s cannot normal rent due to be coronavirus.
- Landlord & tenants agreed to a reduced rent.
- Rent reduction (in dollar terms) must be at least 25% of the 2020 proportional tax for that property.
- (For commercial property please see Jobkeeper and SRO Article)
Supporting Documents Required:
- Lease agreement or written evidence of lease and rent before coronavirus pandemic.
- Written evidence of rent reduction or waiver as a result of the coronavirus pandemic.
- Any other supporting documents.
If property is NOT tenanted:
- Property is available for lease/rent.
- Tenant is not secured due to coronavirus.
Supporting Documents Required:
- Date of property become available for rent.
- Advertisement of rental amount and date of advertisement (if applicable) and evidence of advert.
- Property manager agreement (if applicable)
- Any other supporting documents.
To apply, please visit the State Revenue Office (SRO) (click me)
Need help? We can help you:
- Applying for Land Tax relief
- Property management & tenant
- Further inquiry or question?
Contact us
Alternatively, book in for an appointment to see us: Contact us: https://oceantralian.com/contact/
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