Is my holiday home exempt from vacant residential land tax?

Description

If you own a holiday home, it is exempt from vacant residential land tax if you or close relatives use it for at least 4 weeks in the calendar year.

Transcript

If you own a holiday home, it is exempt from vacant residential land tax if you or close relatives use it for at least 4 weeks in the calendar year.

Use of the property as a holiday home for the 4 weeks does not have to be consecutive.

You or your close relatives – which includes your spouse or domestic partner, your children and their partners, your siblings and their partners and children, as well as your parents, grandparents and grandchildren – can all contribute to the 4-week requirement, so long as their periods of occupation are not simultaneous.

Keeping a diary of who uses the property, and the dates they use it, is a great way to substantiate your claim.

The exemption can apply to holiday homes owned by individuals or joint owners.

Companies and trusts which owned a holiday home as at 28 November 2023, may also receive the exemption from 1 January 2025.

The State Revenue Office must be satisfied the property was used as a genuine holiday home and will consider factors like the distance between the holiday home and your principal place of residence and the frequency and nature of its use.

When determining eligibility for the exemption, there are conditions that apply depending on who owns the holiday home. This includes a requirement that the owner, certain shareholders, beneficiaries or unit holders must also have a principal place of residence in Australia.

You are required to notify the State Revenue Office of vacant residential properties by the 15th of January, even if they are exempt.

You can notify us and apply for the exemption at the same time through our portal.

For more information about the conditions for the holiday home exemption and how to make a notification, visit our website.