What Is The New Land Tax Relief In South Australia- A Six-month Extension (Covid-19)?
What Is The New Land Tax Relief In South Australia- A Six-month Extension (Covid-19)?
The South Australian government announced on September 8, 2020, a six-month extension of the land tax relief measures provided for residential and commercial landlords affected by restrictions in response to the coronavirus (COVID-19) pandemic restrictions.
The land tax relief is extended until 30 April 2021.
Video link: https://www.youtube.com/watch?v=Ru12ilanHkA
According to a release about the extended program, eligible landlords can receive up to a 50% reduction on their 2019-20 land tax liability on affected properties (up from 25% previously). Landlords must pass on the full benefit of land tax relief to their affected tenants.
The South Australian government also announced a three-month extension of protections for commercial small to medium enterprise tenants affected by the COVID-19 restriction
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