Victorian land tax relief for 2021 still available

Land tax relief in Victoria is still available, with applications for 2021 reductions still open. A 25% reduction is available when commercial tenants have been given rent relief between July 2021 and January 2022.

Landlords who provided rent relief between 28 July 2021 and 15 January 2022 to their eligible tenant under the Commercial Tenancy Relief Scheme, are eligible for a 2021 land tax reduction of 25% for the relevant property (in addition to any relief previously provided, but exclusive of any absentee owner surcharge).

The relief can be granted in one of 2 ways. Either you have:

• already paid your 2021 land tax assessment and may be eligible for a refund, or
• deferred some of your 2021 liability and will apply for a reduction in liability.

Applications for a 25% land tax reduction close on 30 April 2022. In most cases, an eligible tenant is one who meets all the following conditions:

• annual group turnover is less than $50 million
• operated a business in Australia as at 28 July 2021
• experienced at least a 30% reduction in GST turnover in the relevant test period, and
• the tenant is not excluded from the Commercial Tenancy Relief Scheme.

You can apply for the relief via My Land Tax at the State Revenue Office website. 

If you require any assistance or clarification on the relief package, please do not hesitate to contact our office.