What land tax relief is available for properties with multiple tenancies?
Landlords of properties with multiple tenancies can make a single application for 2021 land tax relief (ie. up to a 25% reduction) for the whole property, rather than just for the part of the property occupied by eligible tenants who have received rent relief.
A property with multiple tenancies includes:
- single piece of land (ie. land contained within a single certificate of title) with multiple tenancies; or
- a single complex (ie. a shopping centre) situated across multiple, commonly-owned titles with multiple tenancies.
Landlords can receive a reduction of up to 25% on the 2021 land tax of your property with multiple tenancies if they provide rent relief to tenants at the property that is consistent with the principles provided under the Support to Landlords and Tenants package announced on 15 April 2020, which for commercial tenants includes complying with the requirements of the Commercial Tenancy Relief Scheme.
The 2021 land tax reduction is limited to the total amount of rent the landlord waives in relation to eligible tenants at the property (and tenants are not required to repay at a later date). Where land tax is an outgoing that is the contractual responsibility of the tenant, any land tax discount passed on to the tenant can count towards the total amount of rent waived.
Landlords of properties with multiple tenancies (residential and/or commercial) can apply for the land tax relief via the links provided above.