Act Revenue Land Rent

Land rent direct debit.

Act revenue land rent. To be eligible for land rent your total gross income must be assessed by the act revenue office and must not exceed the income threshold of 160 000. 1 subject to other provisions of this act all land to whatever purpose applied and wherever situate is liable to the payment of revenue or rent to the state government except such land as has been wholly exempted from such liability by special grant of or contract with the state. You do not have access to the standard 4 per cent rate of land rent. As part of the act government covid 19 economic survival package the government will provide a land tax credit to landlords of residential properties who reduce rents by at least 25 per cent for tenants impacted by covid 19.

Income is calculated on a household basis that is the income of a lessee and their domestic partner and includes income from all sources such as a second job salary packaging benefits and. The land rent scheme is part of the act government s affordable housing action plan. For information on rates assistance including rebates and deferment and pensioner special disability trust and hardship assistance please refer to the act revenue office website. For further details please contact act revenue office or visit www revenue act gov au.

To make a payment over the telephone please call access canberra contact centre on 13 22 81. The potential transferee needs to contact the act revenue office to determine whether his or her income is below the relevant. The scheme gives people the option of renting land through a land rent lease rather than purchasing the land to build a home. Land rent for mr fluffy blocks.

Applications for discounted land rent received during the term of the land rent lease if approved will take effect from the date that the application is received by the commissioner for act revenue. For land rent lessee s who signed their contract for sale on or after 1 october 2013 your land rent payments are 2 of the unimproved value of the leased land. The lease must be converted to a standard lease before the block can be sold. Act government online payments can be made via the access canberra website.

Land rent leases first granted prior 1 october 2013 applications for discounted land rent may be made before the grant of the lease or at any time during the term of the lease. This is because this is a generous extension of the land rent scheme and measures need to be put in place to minimise people from unfairly profiting from the scheme as well as. The combined rates land tax and land rent account payment form allows you to pay multiples of any of these accounts on one form. You do not have access to the standard 4 rate of land.

All cheques and money orders must be made payable to the act revenue office. Liability of all land to payment of revenue or rent. For land rent lessees who signed their contract for sale on or after 1 october 2013 your land rent payments are 2 per cent of the unimproved value of the leased land.