{"id":14444,"date":"2022-01-05T19:20:00","date_gmt":"2022-01-05T19:20:00","guid":{"rendered":"http:\/\/www.16news.com.au\/?p=14444"},"modified":"2022-01-05T19:20:00","modified_gmt":"2022-01-05T19:20:00","slug":"applications-for-land-tax-relief-extended-until-february","status":"publish","type":"post","link":"http:\/\/www.16news.com.au\/index.php\/2022\/01\/05\/applications-for-land-tax-relief-extended-until-february\/","title":{"rendered":"Applications for land tax relief extended until February"},"content":{"rendered":"

Applications for land tax relief will be extended until 28 February to give eligible commercial and residential landowners more time to access the program.
\nMinister for Finance Damien Tudehope said the land tax relief was designed to make it easier for landowners who supported their tenants during a challenging year.
\n\u201cExtending the deadline for landowners to access land tax relief will give people more time to get the necessary documents together and access any help they may need to complete an application,\u201d Mr Tudehope said.
\n\u201cMany renters, commercial and residential, had a financially tough 2021 with reduced turnover or work hours due to the COVID-19 restrictions.
\n\u201cWe heard from landowners that they wanted to help their tenants, but they also have bills to pay. Providing land tax relief enabled them to work with their tenants to offer rent reductions and to alleviate some of the cost-burden during restrictions.
\n\u201cIn response, the NSW Government is helping commercial or residential landowners who have reduced their tenants\u2019 rent, between 1 July 2021 and 31 December 2021.\u201d
\nNSW landowners may be eligible to receive a reduction of up to 100 per cent of their land tax payable for the 2021 land tax year if they provided a reduction in rent to a tenant between 1 July 2021 and 31 December 2021.
\nThis package follows a similar program run for the 2020 land tax year, which saw more than 17,400 applications received and $218.8 million of relief provided.
\nMinister for Small Business and Fair Trading Eleni Petinos said the Government was always committed to assisting those in need.
\n\u201cWe know this program has previously helped to keep businesses in business, people in jobs, and roofs over heads,\u201d Ms Petinos said.
\n\u201cThat\u2019s why we are extending this package to ensure landlords can continue to provide relief to small businesses and residents while we get through this challenging period.\u201d
\nTo be eligible for land tax relief, a landowner must be leasing to a commercial tenant who has a turnover up to $50 million and has been deemed eligible for NSW Government COVID-19 support grants or a residential tenant who has lost 25 per cent or more of household income due to COVID-19.
\nThe landowner must have reduced rent for the affected tenant\u202ffor any period between 1 July 2021 and 31 December 2021, without any requirement for it to be paid back.
\nLandlords can also access the Commercial Landlord Hardship Fund, which provides small commercial or retail landlords with a monthly grant up to the value of any rental relief provided, to a maximum of $3,000 per month per property. To be eligible, a landlord cannot claim land tax relief for rent reductions provided to tenants between 1 July 2021 and 31 December 2021.\u00a0Applications for<\/strong>\u00a0the Commercial Landlord Hardship Fund\u00a0close 31 March 2022.<\/strong>
\nApplications for Land Tax Relief can be submitted at\u00a0https:\/\/www.service.nsw.gov.au\/transaction\/apply-covid-19-land-tax-relief<\/a>
\nFor more information on rent relief visit:\u00a0COVID-19 assistance for commercial and residential landlords | Service NSW.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Applications for land tax relief will be extended until 28 February to give eligible commercial and residential landowners more time to access the program. Minister for Finance Damien Tudehope said the land tax relief was designed to make it easier for landowners who supported their tenants during a challenging year. \u201cExtending the deadline for landowners … Continue reading “Applications for land tax relief extended until February”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-14444","post","type-post","status-publish","format-standard","hentry","category-nswnews"],"_links":{"self":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/14444","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/comments?post=14444"}],"version-history":[{"count":0,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/14444\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/media?parent=14444"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/categories?post=14444"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/tags?post=14444"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}