NSW government urged to freeze land tax

“The single biggest impost of income-producing property is land tax. Paying land tax, even in good times, is difficult; in the current crisis, for many it’s impossible. Let there be no doubt, the landlord must pay land tax whether it has a tenant paying rent or not,” said Tim McKibbin, REINSW CEO. 

The property group highlighted that even during times when landlords are struggling, they understand it’s a hard time for tenants and are reducing rates. This leaves landlords to pay additional costs out of their own pockets.

“Landlords are wanting their tenants to get through this difficulty and emerge with the viable business they had and paying the agreed rent,” Mr McKibbin said. “The Prime Minister has made it clear on numerous occasions that every stakeholder would be expected to carry some of the burden; clearly both the tenant and landlord are doing more than their fair share.