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Coronavirus Land Tax Relief - Queensland

Wednesday, 7 October 2020   

The Queensland Governments land tax relief applications for the 2019-20 year close on 31 October 2020.

 

You may be eligible for one or more of the following land tax relief measures:

  • a 3-month deferral of land tax liabilities for the 2020–21 assessment year
  • land tax rebate reducing land tax liabilities by 25% for eligible properties for the 2019–20 and 2020–21 assessment years
  • waiver of the 2% land tax foreign surcharge for foreign entities for the 2019-20 assessment year.

Deferral

Your 2020–21 land tax liability will be deferred for 3 months.

For example, if your 2019–20 assessment notice was dated 1 November 2019 and you are liable for land tax again this year, we will not issue your 2020–21 notice before 1 February 2021.

You do not need to apply for the deferral.

Land tax rebate

You need to apply for the land tax rebate by the due date.

  • For 2019–20, applications close on 31 October 2020.
  • For 2020–21, applications close on 26 February 2021.

The rebate:

  • does not apply to owner-occupied land
  • is only available if you owned an eligible property at midnight on 30 June 2019 and/or 30 June 2020, and were liable for land tax in relation to the property
  • does not need to be repaid if the eligibility conditions are met.

Eligibility for the rebate

You may be eligible for the land tax rebate if at least one of the following circumstances applies to you.

  • You are a landowner who leases all or part of a property to one or more tenants and all the following apply.
    • The ability of one or more tenants to pay their normal rent is affected by coronavirus (COVID-19).
    • You will provide rent relief to the affected tenant(s) of an amount at least commensurate with the rebate (in addition to any relief provided in relation to a land tax rebate received or to be received for the 2019–20 land tax assessment year).
    • You will comply with the leasing principles even if the relevant lease is not regulated.
  • You are a landowner and all the following apply.
    • All or part of your property is available and marketed for lease.
    • Your ability to secure tenants has been affected by COVID-19.
    • You require relief to meet your financial obligations.
    • You will comply with the leasing principles even if the relevant lease is not regulated.

If you are eligible under both circumstances, it is expected you will apply the rebate firstly to provide rent relief to your residential or commercial tenants. You can then apply any remaining rebate to your own financial obligations (e.g. in relation to debt and other expenses).

The rebate will only apply to each property that meets the above requirements and conditions; it does not necessarily apply to all your landholdings.

Where there are multiple tenants for a single property, including mixed-use developments, if the eligibility requirements and conditions are met for at least one tenancy, then the whole property is eligible for the land tax rebate.

If you received the 2019–20 rebate, you may also be eligible for the 2020–21 rebate if you provide additional rent relief to your affected tenant(s) of an amount at least commensurate with the 2020–21 rebate amount. That is, you do not get the benefit of the 2020–21 rebate for the rent relief that you provided as part of your eligibility for the 2019–20 rebate.

 

How to apply

To apply for a rebate, you need to complete the form in OSR Online. (See how to create an account.) Feedback has been that you need to allow about 7 days to complete this application , pass the OSR identity test and link the appropriate land tax account to apply for the rebate.