close
Share with your friends

Australia: State governments provide land tax relief (COVID-19)

Australia: State governments provide land tax relief

Two states in Australia—South Australia and Western Australia—announced land tax relief for landlords that in turn have provided rent relief to tenants in response to the coronavirus (COVID-19) pandemic.

1000

Related content

The South Australian government announced commercial and residential landlords are to be allowed a 25% reduction on their 2019-20 land tax liability when this tax relief benefit is passed on to their tenants as of 30 March 2020, or would be provided to tenants up to and including 30 October 2020. More information is available on the SA government website.

The Western Australian premier announced land tax relief for commercial landlords, with the relief equal to 25% of the landlord's land tax bill for 2019-20, provided that landlords reduce the rent for small business tenants affected by COVID-19. More information is available on the WA government website.

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us

 

Want to do business with KPMG?

 

loading image Request for proposal