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Parliamentary Questions

Question Without Notice No. 481 asked in the Legislative Council on 20 May 2020 by Hon Peter Collier

Parliament: 40 Session: 1

Answered on

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 metropolitan area?

(2) Therefore, 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 replied:

I thank Hon Dr Steve Thomas for some notice of the question.

(1)–(2) 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 these principles.