Land tax relief for Queensland businesses extended for four months
1 July 2020, Written by Business News Australia
The application deadline for the Queensland Government's land tax rebate has been extended for a further four months to assist local businesses.
Queensland Treasurer Cameron Dick says the decision was made following consultation with the Property Council of Australia.
"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," says Dick.
"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."
Since the Queensland Government first announced relief measures to support landowners and tenants through the COVID-19 pandemic, more than $91 million in land tax relief has been approved, benefitting around 7,000 taxpayers.
Updated at 9:07am AEST on 1 July 2020.
Author: Business News Australia