The NSW Government is continuing to provide relief to landowners with commercial leases in 2021, who provide a reduction in rent to a retail tenant who is experiencing financial distress as a result of COVID-19.

2021 Land Tax Covid-19 Relief

The 2021 land tax COVID-19 relief is intended to reduce a landowner’s land tax payable for 2021, by up to 25 per cent, for a taxable parcel of land where rent relief has been given to a retail tenant who occupies that land.

Unlike the 2020 land tax COVID-19 relief, this relief program only applies to commercial leases and impacted lessees as defined by the Retail and Other Commercial Leases (COVID-19) Regulation (No 3) 2020.