The State Government has provided multiple forms of land tax relief to landlords through the following measures:

  • A rebate reducing land tax liabilities by 25% for eligible properties for the 2019/20 year.
  • A waver of the 2% land tax foreign surcharge for foreign entities for the 2019/20 year.
  • A 3-month deferral of land tax liabilities for the 2020/21 year.

The deferral and waiver will be automatically applied, however, you will need to apply for the rebate.

To be eligible you must fit into one of the two following criteria:

 1. You are a landlord who leases a property to one or more tenants and all the following apply:

– Your regular rental income amount is affected by COVID-19.
– You will provide rent relief to the affected tenants.
– You will comply with the leasing principles.

2. You are a landlord and all of the following apply:

– Your property is available for lease.
– Your ability to secure tenants has been affected by COVID-19.
– You require relief to meet financial obligations.
– You will comply with the leasing principles.

More information surrounding the leasing principles can be found at: https://www.treasury.qld.gov. au/budget-and-financial- management/revenue-and- taxation/leasing-principles/

If you would like more information on how to apply please contact a member of the MGI South Queensland team.

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