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Extension of Victorian land tax relief measures
Technical article

Extension of Victorian land tax relief measures

The Victorian Government has announced further land tax relief measures, comprising an increased 50% land tax discount for eligible landlords and a new 25% land tax discount for eligible owner-occupiers.

As Victorians continue to navigate the Stage 4 lockdown, the Government’s announcement on Thursday 20 August of further land tax relief measures is welcome news to landlords and businesses. The news comes as part of the extension of the commercial and residential tenancy relief schemes effective until 31 December 2020.

What are the further land tax relief measures?

Existing land tax relief measures in Victoria announced in March and April are primarily directed towards landlords of tenanted and previously tenanted properties. However, under the new measures, these landlords may now be eligible for a 50% reduction in land tax, up from 25% under the previous measures.

Further, owner-occupiers who were largely left out of the previous measures may now be eligible for a 25% reduction in land tax, if their business on the property has been impacted by COVID-19.

More details

Access your easy-to-understand fact sheet detailing Victoria’s latest land tax relief measures, based on the details available at the time of writing from the Victorian State Revenue Office.

What are the next steps?

For more information or for assistance in determining the land tax relief measures available to you based on your circumstances please contact a Pitcher Partners representative.

This content is general commentary only and does not constitute advice. Before making any decision or taking any action in relation to the content, you should consult your professional advisor. To the maximum extent permitted by law, neither Pitcher Partners or its affiliated entities, nor any of our employees will be liable for any loss, damage, liability or claim whatsoever suffered or incurred arising directly or indirectly out of the use or reliance on the material contained in this content. Pitcher Partners is an association of independent firms. Pitcher Partners is a member of the global network of Baker Tilly International Limited, the members of which are separate and independent legal entities. Liability limited by a scheme approved under professional standards legislation.

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