Landlords yet to utilise land tax relief

Gosford Closed SignAs businesses close, landlords are being asked to extend a rent holiday to business tenants. Image: CCN, Gofsord.

Parliamentary Secretary for the Central Coast, Adam Crouch, has responded to State Opposition claims that the NSW Government is yet to pay $439M of the $440M of COVID-19 land tax relief it promised struggling landlords and tenants.

Shadow Minister for Finance and Small Business, Daniel Mookhey, said only $659,374 of land tax has so far been waived.

“The NSW Government’s much heralded program to help struggling landlords and tenants is a mirage,” Mookhey said.

“Every tenant struggling to pay their rent, and every landlord struggling to pay their loans, should feel outraged.

“The Treasurer’s failure to pay $439M is a wasted opportunity to help tens-of-thousands of landlords and tenants desperately needing assistance.”

But Crouch said as at June 29, 4,578 applications for land tax relief had been received for 6,069, properties, with a total of $7.56M in land tax relief provided so far.

“Land tax relief will remain available until October 31, and it is far too soon for the full impact of this initiative to be assessed,” Crouch said.

“We know that the economic effects of COVID-19 will be felt for many months to come.

“We are all in this together and I would encourage landlords to consider how they can share the burden with their COVID-19 impacted tenants.”

Source:
Media release, Jun 23
Shadow Minister for Finance and Small Business, Daniel Mookhey
Media statement, Jul 3
Parliamentary Secretary for the Central Coast, Adam Crouch

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