CORONAVIRUS — LAND TAX
481. Hon PETER COLLIER to
the minister representing the Treasurer:
My question is asked on behalf of Hon Dr Steve Thomas.
I refer to the government's COVID-19 economic
response, which includes land tax relief equivalent to 25 per cent of a landlord's
tax bill for 2019–20 for commercial landlords, as long as they provide
rent relief that equates to a minimum of three months' rent, and freeze
outgoings to small businesses.
(1) What is
the mean and median average land tax bill for commercial tenancies in the Perth
at what weekly rent would three months of rent be equal to 25 per cent of the
mean and median land tax paid by those commercial landlords?
Hon STEPHEN DAWSON
I thank Hon Dr Steve Thomas for some notice of the question.
Information on land tax bills for commercial tenancies is not readily
available, as land tax is based on the aggregated unimproved value of taxable
landholdings rather than the purpose of that land. The national cabinet–approved
principles for commercial leasing during COVID-19 require landlords and tenants
to share, in a proportionate manner, the financial risk and cash flow impact.
The Western Australian land tax grant scheme requirements are consistent with