‘Overly bureaucratic’: REIV airs concern over coronavirus land tax relief

“Our primary concern is that there are no incentives or consequences for the tenant if they fail or refuse to do this.”

“The commercial property owner is at the mercy of their tenant to apply for the tax relief promised by the government.”

Ms Calnan said the process is unfair for the landlord and their agent who have negotiated rent reduction for the tenant as per government guidelines but are unable to claim the promised land tax relief because their tenant fails to complete the form.

To further the point, Ms Calnan pointed to an extract from the State Revenue Office’s website, which notes:

“Once you have completed the form online, you need to send it to your landlord. You can download a copy, or email a copy to yourself, which you can then email to your landlord, or send it to them directly by entering their email address on the final page, titled ‘Form Complete’.”

On this, Ms Calnan said: “The Real Estate Institute of Victoria urgently requests that an alternative process be enabled to ensure landlords are not unduly disadvantaged.”

“In order to manage the financial impact for both the landlord and the tenant, the rent relief could be only initiated after the form has been submitted or even better, the process scrapped.”

Ms Calnan emphasised that all stakeholders “must be equally supported during this time”.

“It is important to remember that the majority of landlords are mum and dad investors who are doing their best to support tenants impacted by the coronavirus,” she said.

Tags:

• Latest
• Australia property market news roundup

Share