Land Tax New homes used for long term rentals
Land Tax is normally payable on property that is not your principal place of residence.
However, if its use meets the eligibility requirements below, you may qualify for an exemption from land tax for up to three financial years.
The initial eligibility requirements are:
- The land must be general land. That is, it must not be used for principal residence or primary production land purposes.
- Each dwelling on the land must be a new dwelling. That is, it must not have previously been occupied or sold as a place of residence.
- The first occupancy permit for any dwelling on the land must have been issued between 8 February 2018 and 30 June 2023.
- A written residential tenancy agreement, within the meaning of the
Residential Tenancy Act 1997 must be in place for at least one of the properties, for a fixed period of at least 12 months.
- If there is more than one dwelling on the land, you must demonstrate you have actively been trying to put in place a written residential tenancy agreement, as described above, for all other dwellings.
Once approved for the exemption, further eligibility criteria apply and are detailed in the document Guideline and Frequently Asked Questions - Land tax exemption - New dwelling available for long term rent and in the factsheet Three-year Land Tax exemption for newly built housing made available for long-term rental.
To apply, please use the Application for exemption - New dwelling available for long term rent.
If still uncertain whether your property qualifies for this exemption, please contact the State Revenue Office