Published on 23 December 2020
Further to the recent extension of the Commercial Tenancy Relief Scheme until 28 March 2021, the Victorian Government has announced an extension of coronavirus land tax relief to 2021 for commercial landlords.
This is in addition to the 2021 land tax relief for residential landlords announced in September 2020.
Commercial landlords who provide rent relief to eligible tenants consistent with the Commercial Tenancy Relief Scheme between 1 January 2021 and 28 March 2021, and eligible commercial owner-occupiers of property, who have been impacted by the coronavirus pandemic, can receive a:
- 25% reduction on the property's 2021 land tax, and
- deferral of the remaining 2021 land tax (and any 2020 land tax which was previously deferred under this measure) until 30 November 2021.
More information will be provided on our website as it becomes available.