New home builders rebate
New home builders may be eligible for a rebate of their land tax where they qualify for the Principal Residence Land classification
on their newly built home.
New home builders may be eligible for a land tax rebate for a financial year if:
- they own vacant land as at 1 July of the financial year; and
- they do not own other land classified as Principal Residence Land as at 1 July of the financial year; and
- a dwelling was built on the vacant land; and
- the owner of the land or a related person, as defined in the Land Tax Act 2000, occupies the newly built dewelling as their principal residence during the financial year.
How to apply
To apply for the new home builders rebate: