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The Queensland Government is offering the following land tax relief to eligible landholders: a land tax rebate reducing land tax liabilities by 25% for eligible properties for the 2019-20 assessment year a waiver of the 2% land tax foreign surcharge for foreign entities for the 2019-20 assessment year a 3-month deferral of land tax liabilities for the 2020-21 assessment year.
The ATO have confirmed that SMSFs can provide ‘a temporary rent reduction’ to tenants, including a tenant: who is a related party or related trust where a member, relative or a member or related party/trust has an underlying economic interest in the tenant. Although this would normally trigger a range of SIS Act compliance breaches,