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The first round of concessions applied to a 6 month period (April – September 2020), with the additional round applying to an additional 3 month period (October – December 2020).
The second round of relief will require tenants wishing to request further relief to re-establish their eligibility, which is the same criteria as the first round, except that it applies for a shorter period in which landlords are required to provide rent relief to tenants. The land tax reduction – the lesser of either the amount of rent reduction provided between 1 October and 31 December 2020, or 25% of the land tax attributable to that parcel of land – will be applied to unpaid 2020 land tax liability, and refunds will be issued for payments already made this year.
Landlords can apply for the land tax concessions here before 31 December 2020.
Additionally, the NSW Government has made $10 million available to the NSW Small Business Commission to deliver additional mediation and dispute resolution services to landlords and tenants unable to come to an agreement.
