Land tax relief for Queensland businesses extended for four months

Land tax relief for Queensland businesses extended for four months

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.

Get our daily business news

Sign up to our free email news updates.

 
Four time-saving tips for automating your investment portfolio
Partner Content
In today's fast-paced investment landscape, time is a valuable commodity. Fortunately, w...
Etoro
Advertisement

Related Stories

Nick Scali shares reach all-time high following UK expansion plans

Nick Scali shares reach all-time high following UK expansion plans

Nick Scali’s (ASX: NCK) plans to expand into the UK have...

Super Retail Group to face court over allegations of undisclosed exec relationship, bullying

Super Retail Group to face court over allegations of undisclosed exec relationship, bullying

The board of Super Retail Group (ASX: SUL) has announced today that...

Aussie-founded sleep device giant ResMed sees profit lift 29pc

Aussie-founded sleep device giant ResMed sees profit lift 29pc

Shareholders backing Australian-founded, California-based sleep med...

“Difficult decision”: Atlassian co-CEO Scott Farquhar to step down

“Difficult decision”: Atlassian co-CEO Scott Farquhar to step down

After 23 years as co-CEO of Sydney-headquartered software giant Atl...