COVID-19 and NSW Land Tax
The NSW Government has introduced measures to help commercial and residential landlords manage their rental properties.
The support packages includes a reduction of up to 25% of the land tax payable if your land is used for business or residential purposes, and the tenant can demonstrate financial distress resulting from the COVID-19 outbreak.
To claim the reduction you must reduce the rent of the affected tenant by at least as much as the tax reduction.
Details on how to apply will be released in the coming days.
For more information on the Land Tax support package and the eligibility criteria please visit Revenue NSW
For more information on the Commercial support package: Rental Relief for Commercial Tenancies
For more information on the Residential support package: Rental Relief for Residential Tenants