RECOGNISING that conditions remain challenging despite restrictions easing further in the coming weeks, the Queensland government has extended the land tax rebate for a further four months.
Treasurer Cameron Dick said the rebate application deadline will be extended to 31 October 2020.
The treasurer revealed that more $91 million has been approved in land tax relief, benefiting around 7000 people, since the scheme was announced.
“As restrictions ease further in the week ahead, we know more businesses can look forward to increasing their trade, but for many small businesses the road ahead remains very challenging.
“In order to enable landlords to better support their tenants, keeping businesses trading and supporting Queensland jobs, we will extend the rebate application deadline to 31 October 2020.
“This will give landowners more time to finalise relief agreements with their tenants and apply for the rebate.” Dick said.
Property Council Queensland executive director Chris Mountford welcomed the move and said the extension is a sensible decision that will support both landlords and impacted tenants as they continue to navigate the challenges brought by COVID-19.
“This relief is important as it increases the capacity of a landlord to support tenants that have been adversely affected, taking pressure off their cash flow at this critical time,” Mountford said.