Land Tax

50 The Hon. S.C. MULLIGHAN (Lee) (29 April 2020). How many property owners are estimated to receive reductions in land tax bills as result of the $50 million in land tax relief announced on 24 April 2020?

1. How many of these are estimated to be residential property holdings?

2. How many of these are estimated to be commercial property holdings?

3. How many ownerships are estimated to benefit in each of the land tax thresholds in both the 2019-20 year and 2020-21 year?

4. What is the estimated cost of relief in each of the land tax thresholds in both the 2019-20 year and 2020-21 year?

The Hon. S.S. MARSHALL (Dunstan—Premier): I have been advised:

The scheme announced by the government on 24 April 2020 provides relief of 25 per cent on a landlord's 2019-20 land tax liability for an affected property subject to the landlord and/or tenant meeting the scheme's eligibility criteria. The land tax relief scheme does not apply to 2020-21 land tax liabilities.

It is estimated that up to 20,000 ownerships could benefit from the land tax relief scheme, including up to 14,000 residential ownerships and 6,000 non-residential ownerships. However, the actual number of landholders to receive relief under the scheme will vary and depend on the actual number of landlords and tenants who fulfil the scheme's eligibility criteria.

The Department of Treasury and Finance has estimated the potential number of ownerships and cost of the scheme at the aggregate level rather than by each land tax threshold.