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:

1. Lease agreement or written evidence of lease and rent before coronavirus pandemic.
2. Written evidence of rent reduction or waiver as a result of the coronavirus pandemic.
3. 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:

1. Date of property become available for rent.
   
2. Advertisement of rental amount and date of advertisement (if applicable) and evidence of advert.
3. Property manager agreement (if applicable)
4. Any other supporting documents.

To apply, please visit the State Revenue Office (SRO) (click me)

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Need help? We can help you:

• Applying for Land Tax relief
• Property management & tenant
• Further inquiry or question?

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Alternatively, book in for an appointment to see us: Contact us: https://oceantralian.com/contact/

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